Figure 2-17 
-Refer to Figure 2-17. One segment of the circular flow diagram in the Figure shows the flow of funds from market F to economic agents G. The funds represent spending on goods and services. What is market F and who are economic agents G?
Definitions:
U.S. GAAP
The Generally Accepted Accounting Principles in the United States, a framework of accounting standards and procedures used in the U.S. to compile financial statements.
Prior Service Cost
The cost of retroactive benefits awarded in a pension plan amendment, which is recognized over future periods.
Pension Plans
Financial programs established by employers to provide retirement income for employees.
Amend Benefits
The act of making changes to the terms or conditions of employee benefits plans.
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