The Circular Flow Diagram Is Best Described as A(n)

question 193

Multiple Choice

The circular flow diagram is best described as a(n)

• A)abstraction of little value in macroeconomics.
• B)exact representation of the cause and effect relationship between spending and employment.
• C)model that clarifies the relationship between spending and income.
• D)model to explain the relationship between the federal deficit and tax revenues.

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Definitions:

Chart Title

The heading or title given to a chart or graph indicating what the data presented pertains to.

Explode a Slice

Explode a Slice refers to a graphing technique where a piece of a pie chart is separated from the rest to highlight it.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion, where each slice represents a category's contribution to the whole.

Three Dimensional

Pertains to objects or representations that have depth, height, and width, providing a feeling of physicality or spatial presence.