39 in the simple circular-flow diagram, households

Q. The circular flow diagram is a simple model of the macroeconomy in which. answer choices ... households own the factors of production. there is only one household and one firm. goods and services are sold in factor markets. Tags: Question 2 . SURVEY . 120 seconds . Q. GDP is equal to.

In a simple circular-flow diagram, households buy goods and services with the income they get from >>d.All of the above are correct. In the GDP accounts production equals >>d.income. Fine Edge manufactures lawn mowers. In 2014 it had $2 million worth of lawn mowers in inventory.

Answer: b This is a circular-flow between “firms” and “households”. Firms produce goo …. View the full answer. Transcribed image text: 0:28:07 In the simple circular-flow diagram, households a. are the only decision makers. b. own the factors of production. C. are buyers of inputs.

In the simple circular-flow diagram, households

In the simple circular-flow diagram, a.households own the factors of production. b.households buy all the goods and services that firms produce. c.land, labor, and capital flow from households to firms. d.All of the above are correct.

Economics questions and answers. In the simple circular-flow diagram, with households and firms, GDP can be computed a. as the income received by households, in the form of wages, rent and profit. b. as the income received by households in the form of wages. c. as the payments made by firms for labor O d. as the profits received by households.

In a simple circular-flow diagram, a. households spend all of their income. b. all goods and services are bought by households. c. expenditures flow through the markets for goods and services, while income flows through the markets for the factors of production. d. All of the above are correct.

In the simple circular-flow diagram, households.

Q. The circular-flow diagram is a simple model of the macro - economy in which answer choices households own the factors of production. the value of stock equals the value of bonds. there is only one household and one firm. goods and services are sold in factor markets. Question 2 120 seconds Q.

In the simple circular-flow diagram, with households and firms, GDP can be computed as the income received by households, in the form of wages, rent and profit. Other Quizlet sets. Corporate Finance - Measures of Leverage. 24 terms. justinblackman PLUS. Macbeth Acts 3 & 4 Quotes.

Economics questions and answers. In the simple circular-flow diagram, which of the following is not true? O Households are the only decision makers. O Firms buy the factors of production. O Goods and services flow from firms to households. O Households own the factors of production Question 10 In the circular-flow diagram, O goods and services ...

In the simple circular flow model of the free market, money flows in the opposite direction. In a counterclockwise direction is a flow of money. 65 times. A circular flow diagram is a visual model of the economy that illustrates how households and businesses interact through markets for products and markets for resources.

The simplest version of the circular flow | open textbooks ...