In the Circular Flow Model,economists Define Households as

question 7

Multiple Choice

In the circular flow model,economists define households as

• A)individuals or groups within the same legally defined family.
• B)married or engaged couples.
• C)families living in their own houses.
• D)families with at least two children.
• E)individuals or groups living together.

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Definitions:

Action Research

A collaborative process of collecting data, using it for action planning and evaluating the results.

Collaborative Process

A method of working that involves mutual engagement of participants to solve problems or achieve objectives, emphasizing teamwork and partnership.

Data

Information, statistics, or details that are collected for reference, analysis, or calculation purposes.