Which of the Following Is a Leakage from the Circular

question 20

Multiple Choice

Which of the following is a leakage from the circular flow?

• A)government purchases of goods and services
• B)taxes
• C)investment
• D)exports
• E)consumption expenditures

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Definitions:

Selling Price

The price at which a product or service is offered for sale to a buyer.

Markup

The addition to the cost price of items to include overhead expenses and profits.

Total Job Cost

The complete cost associated with a specific job or project, including materials, labor, overhead, and any other costs directly related to the project.

Job M825

A specific designation for a job or project, often used within a job-order costing system to track costs and progress.