In the Circular Flow Model, Which of the Following Flows

question 144

Multiple Choice

In the circular flow model, which of the following flows in the opposite direction from the flow of factors of production?

• A)interests payments of Federal, state, and local governments
• B)firm's profit incentives
• C)wages, rent, interest, and profit
• D)the goods market
• E)finished goods and services

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Definitions:

Normally Distributed

A distribution of probabilities that exhibits balance around the mean, with a higher occurrence rate for data close to the mean compared to data farther from the mean.

Mean

The arithmetic average of a set of numbers, found by dividing the sum of all values by the count of values.

Standard Deviation

A measure indicating the amount of variation or dispersion from the average in a set of data.

Standardize

The process of making values comparable by subtracting the mean and dividing by the standard deviation.