The Circular Flow of Income Model Shows

question 83

Multiple Choice

The circular flow of income model shows:

• A)the flow of output and income within one sector of the economy.
• B)how different sectors of the economy are linked together.
• C)that income is rarely equal to output.
• D)how business firms interact with one another.
• E)how businesses sell their resource services to households.

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Definitions:

To Text

Converting data to text typically involves changing its format from numbers or special formats to plain textual form, making it readable as simple text.

Percentage Increments

Measurements or steps of increase that are calculated as a fraction of a hundred, often used in financial and statistical contexts.

Gradient Fill

A type of fill pattern that smoothly transitions between colors across a surface or shape.

Same Color

Refers to items or elements that share the identical hue, tint, shade, or overall visual appearance.