Which of the Following Is a Flow in the Circular

question 238

Multiple Choice

Which of the following is a flow in the circular flow model?

• A)the flow of goods and services from households to firms
• B)the flow of profit and the flow of revenue
• C)the flow of income earned by firms and the flow of expenditures earned by households
• D)the flow of revenue received by firms and the flow of payments to resource owners

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Definitions:

Positive Exponents

Represent numbers multiplied by themselves a certain amount of times, indicating a base raised to the power of a positive number.

Expression

A combination of numbers, variables, and mathematical operations that represents a particular value.

X

Often used in mathematics as a variable or unknown value in equations and algebraic expressions.

Simplify

The process of altering an expression to make it easier to understand or work with, often by combining like terms or eliminating complex fractions.