A Real Flow in the Circular Flow Diagram Is I)

question 92

Multiple Choice

A real flow in the circular flow diagram is i) a firm's payments of wages to its workers
Ii) a household's purchase of a new car
Iii) a farmer's use of land to grow corn

• A)ii and iii
• B)i only
• C)i and iii
• D)ii only
• E)i, ii and iii

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Definitions:

Observations

The act of recording data or information gathered from scientific or statistical study.

Millions

A numerical count or quantity equivalent to one thousand thousands or 10^6.

Standard Deviation

A measure of the dispersion or variability of a set of numbers, indicating how spread out the numbers are from their average value.

Units

Basic quantities used to specify measurements in various dimensions, such as length, mass, or time.