The Outer Loop of the Simple Circular flOw of Income

question 75

Multiple Choice

The outer loop of the simple circular flow of income, comprising only households and firms, captures the flow of _____.

• A) taxes and government spending
• B) wages and spending on goods and services
• C) savings and investments
• D) exports and imports

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Definitions:

Punk Rock Video Cassettes

Physical tapes used for recording and playing back video content related to the punk rock music genre.

Garbage

Waste material or unwanted items that are discarded by individuals or communities.

Allowance

An allocated amount of money given regularly for a specific purpose, such as to a child by their parents or to an employee for expenses.

Allowance

An amount of money given regularly for a specific purpose or to cover expenses, often by parents to their children.