The Simple Circular Flow Diagram Shows That Economic Aggregates Can

question 244

Multiple Choice

The simple circular flow diagram shows that economic aggregates can be calculated either by the _____ flows in the product market or by the _____ flowing to households in the resource market.

• A) spending; income
• B) income; spending
• C) output; spending
• D) spending; output

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Definitions:

Smartphone

A mobile phone offering advanced features beyond a typical cellphone's, including web browsing, apps, and often a touchscreen interface.

Business To Business (B2B)

Commerce transactions between businesses, such as a manufacturer and wholesaler, or a wholesaler and retailer.

Navigation Bar

A user interface element that provides convenient access to different pages or sections within a website or application.

Domain Name

An identification string that defines a realm of administrative autonomy, authority, or control within the Internet, used as part of web addresses.