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question 132

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Use the following to answer questions: Use the following to answer questions:   -(Figure 7-1: Circular-Flow Model)  Use Figure 7-1: Circular-Flow Model. How does the government finance its purchases of goods and services? A)  by printing money B)  by taxes C)  by borrowing D)  by taxes and borrowing
-(Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. How does the government finance its purchases of goods and services?


Definitions:

Market Value

The present rate at which a service or asset is available for purchase or sale.

Net Income

Net income is the total amount of profit a company earns after subtracting all of its expenses, taxes, and costs from its total revenue.

Unlimited Liability

A legal structure in business where owners are personally liable for all the debts and obligations of the business.

Limited Life

A term that refers to the finite operational lifespan of an entity, asset, or agreement, after which it ceases to exist or operate.

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