The Circular Flow Model Shows That Households Use Income For

question 17

Multiple Choice

The circular flow model shows that households use income for:

• A) consumption, saving, and factor payments.
• B) consumption, taxes, and factor payments.
• C) taxes, saving, and factor payments.
• D) consumption, taxes, and saving.

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Definitions:

Passion

A strong feeling of enthusiasm or excitement for something or about doing something.

Intimacy

An intimate and close bond, often characterized by affection and love, shared with another person or group.

Middle Adulthood

The life stage ranging approximately from ages 40 to 65, characterized by increased personal and professional responsibilities, stability, and reflection on life achievements.

Sexual Enjoyment

The experience of pleasure, satisfaction, and fulfillment derived from sexual activity.