Which of the following are separate flows in the circular flow model?
A)the flow of goods and the flow of services
B)the flow of costs and the flow of revenue
C)the flow of income earned from the sale of resources and the flow of expenditures on goods and services
D)the flow of income received by households and the flow of tax revenues paid by households

Question

Quizplus · Accepted Answer

The flow of income earned from the sale of resources and the flow of expenditures on goods and services are separate in the circular flow model. The flow of goods and services, the flow of costs and revenue, and the flow of income received by households and tax revenues paid by households are interrelated within the circular flow model.

Which of the Following Are Separate Flows in the Circular