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Questions and Answers
In the context of the circular flow of income, which sector is responsible for providing factor payments to households?
In the circular flow of income, which sector represents the households' consumption of goods and services?
Which of the following is not a phase of the circular flow of income?
Which of the following is not a component of national income?
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What phase of the circular flow of income involves households spending on goods and services produced by firms?
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Which of the following is not considered a factor payment in the circular flow of income?
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