Which of the Following Are Separate Flows (Shown in Different

question 115

Multiple Choice

Which of the following are separate flows (shown in different parts of the model) in the circular flow model?

• A)the flow of goods and the flow of services
• B)the flow of costs and the flow of revenue
• C)the flow of income earned from the sale of resources and the flow of expenditures on goods and services
• D)the flow of income received by households and the flow of tax revenues paid by households

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Definitions:

Overall System

refers to the entire set of components or elements that work together within a framework or environment.

Emotional Reaction

The immediate response of a person's feelings towards an event, situation, or experience.

Anger

An intense emotional response usually triggered by perceived wrongs or frustration, potentially influencing behavior and decision-making.

Anxiety

A mental health condition marked by feelings of worry, nervousness, or fear that are strong enough to interfere with one's daily activities.