Figure 2-1 -Refer to Figure 2-1.Which Arrow Represents the Flow of Land,labor,and

question 67

Multiple Choice

Figure 2-1
-Refer to Figure 2-1.Which arrow represents the flow of land,labor,and capital?

• A)A
• B)B
• C)C

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Definitions:

Percent Per Year

A rate or proportion of a quantity expressed as a fraction of 100 per annum.

Inflation

The speed at which the average price of goods and services increases, resulting in a reduction of money's buying power.

Purchasing Power

The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy.

Lenders

Lenders are individuals or institutions that provide funds to others with the expectation that the funds will be repaid, usually with interest.