According to the Circular Flow Model, Expenditures by One Person

question 14

Multiple Choice

According to the circular flow model, expenditures by one person translate:

• A) directly into income for someone else.
• B) indirectly into the value of that person's time.
• C) directly into his or her income.
• D) indirectly into the household's budget.

Understand the socioeconomic factors contributing to poverty and homelessness.

Describe the impact of income, education, and occupation on an individual's position within social stratification.

Explain the concepts of net worth and how it relates to social class.

Identify health risks associated with different socioeconomic statuses.