Examlex
Select the correct statement.
Spending By Households
Total expenditures made by individual consumers on goods and services in an economy.
Circular-flow Diagram
A visual model in economics that shows how money, goods, and services flow through the economy between households and firms.
Factors Of Production
The assets utilized in creating goods and services, encompassing land, work, money, and business initiative.
Income Paid
The total earnings received by individuals or entities for their labor, investment, or property use.
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