The Circular Flow Diagram Shows That

question 170

Multiple Choice

The circular flow diagram shows that

• A)the value of total income is equal to the total value of expenditures on final goods and services.
• B)firms pay households wages, and households receive transfer payments from firms.
• C)household spend all their income on goods and services.
• D)GDP will be less than the total value of expenditures on final goods and services in the economy.

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Definitions:

Personal Health Information

Any data related to an individual's health status, provision of health care, or payment for health care that can be linked to a specific person.

Bizarre Behaviour

Actions or conduct that is significantly out of the ordinary and unconventional.

Compensation Communication

The strategy and methods used by an organization to explain to its employees the details about compensation, benefits, and their eligibility.

Legally Liable

The state of being legally responsible for something, especially in terms of debts or legal obligations.