The Circular Flow Model Illustrates That Aggregate Spending in the Product

question 61

True/False

The circular flow model illustrates that aggregate spending in the product markets equals 70 percent of aggregate income earned in the factor markets.

---

Definitions:

Trimester

One of the three divisions of the duration of a pregnancy, typically lasting around three months, used to mark specific developmental milestones.

Full-Term Pregnancy

A pregnancy that has reached between 39 and 41 weeks of gestation, considered to be within the range of a normal duration.

Weeks

A time unit equivalent to seven days, commonly used as a standard measure of time for planning and organization.

Trimester

A period or term of three months, often used to divide the duration of pregnancy into thirds.