National income and related aggregates
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Questions and Answers

In the circular flow of income, who are the main participants?

  • Foreign investors and exporters
  • Consumers and producers (correct)
  • Banks and government
  • Insurance companies and stock traders

    • What flows from businesses to households in the circular flow of income?

  • Imports and exports
  • Goods and services (correct)
  • Taxes and subsidies
  • Investment and savings

    • How is the flow of income from households to businesses usually represented in the circular flow model?

  • Government transfers
  • Taxes
  • Interest payments
  • Wages and salaries (correct)

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