In the Circular Flow Diagram, the Different Payments Made by Firms

question 102

Multiple Choice

In the circular flow diagram, the different payments made by firms to households are:

• A) wages and salaries.
• B) rent on office and factory buildings.
• C) interest on borrowed money.
• D) all of the above

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Definitions:

Variables

Elements, characteristics, or attributes that can take on different values and are used in scientific research or statistical analysis.

Stem-and-Leaf Display

A graphical method of displaying quantitative data to assess its distribution, by dividing each data point into a "stem" and a "leaf".

Age

A measure of time that an individual, object, or concept has existed, typically expressed in years.

Frequency Distribution

The representation, either in a graphical or tabular format, of how often each value in a set of data occurs.