Figure 2-2 -Refer to Figure 2-2.If the Outer Loop of This Circular-Flow

question 256

Multiple Choice

Figure 2-2
-Refer to Figure 2-2.If the outer loop of this circular-flow diagram represents flows of dollars,then the inner loop includes

• A)flows of goods and services from households to firms.
• B)flows of inputs from households to firms.
• C)flows of rent payments paid to owners of land.
• D)flows of wages and salaries paid to workers.

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Definitions:

Currency

A system of money in common use, especially in a nation.

PaymentAmt

A variable name, often used in coding to represent the amount of payment in financial transactions.

Number

A basic data type used in programming and mathematics, representing integers, floating point values, or other numeric forms.

Total Row

A row in a datasheet or table that calculates and displays the sum, average, or other aggregates of numerical data in a column.