Questions and Answers
Who are the major consumers of economic goods and services?
Households
What do households sell in the factor market to firms?
Factors of production
What do firms purchase from the household in the factor market?
Factors of production
What does the state/public sector provide to households and businesses?
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What does the foreign sector provide that is paid for by households, businesses, and the public sector?
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What do businesses receive income from?
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What is the flow of money from the financial sector to firms for the purchase of infrastructure called?
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What do households and firms purchase from the foreign sector that results in a monetary outflow?
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What is the income received by households in return for providing production factors to firms?
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What do firms and households pay to the government for the provision of public goods and services?
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What is the unspent part of the household and firms’ income earned known as?
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What do firms sell to the foreign sector, resulting in a monetary inflow?
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