Refer to the Above Figure

question 98

Multiple Choice

Refer to the above figure.If box A represents businesses and box D represents the product market in this circular flow model,then money flow in the model would be represented by:

• A) (1),(2),(3),and (4).
• B) (5),(6),(7),and (8).
• C) (1),(3),(6),and (8).
• D) (7),(5),(4),and (2).

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Definitions:

Welfare Recipients

Individuals or households that receive assistance from government programs designed to aid those in financial need, often including help with food, housing, and healthcare.

Poverty

The state of having insufficient financial resources or income to meet basic needs such as food, shelter, and clothing, resulting in a lower standard of living.

U.S. Economy

The economy of the United States, characterized by its high GDP, technological innovation, and diverse industrial base.

Manufacturing Jobs

Positions or employment in the production of goods, particularly through the use of labor, machines, tools, and chemical or biological processing or formulation.