Figure 2-2
-Refer to Figure 2-2. What does the outer loop represent?
A) the flow of goods
B) the flow of spending
C) the flow of factors of production
D) the flow of exports

Name: Figure 2-2 -Refer to Figure 2-2. What does the outer loop represent? A) the flow of goods B) the flow of spending C) the flow of factors of production D) the flow of exports
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Figure 2-2 
-Refer to Figure 2-2. What does the outer loop represent?
A) the flow of goods 
B) the flow of spending 
C) the flow of factors of production 
D) the flow of exports

Quizplus · Accepted Answer

The outer loop represents the flow of spending in the economy, which includes consumption, investment, government spending, and exports.

Figure 2-2 -Refer to Figure 2-2. What Does the Outer Loop Represent