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In the circular flow of income and expenditure model... O A. the level of Income for factors of production used to produce goods and services equals the spending on public goods and services. OB. the spending by firms on the factor markets equals the spending by government in the goods market. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. D. the level of sales income by firms equals the level of spending by households in the goods market.

In the circular flow of income and expenditure model... O A. the level of Income for factors of production used to produce goods and services equals the spending on public goods and services. OB. the spending by firms on the factor markets equals the spending by government in the goods market. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. D. the level of sales income by firms equals the level of spending by households in the goods market.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In the circular flow of income and expenditure model... А. the level of Income for factors of production used to produce goods and services equals the spending on public goods and services. В. the spending by firms on the factor markets equals the spending by government in the goods market. С. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. O D. the level of sales income by firms equals the level of spending by households in the goods market.
Transcribed Image Text:In the circular flow of income and expenditure model... А. the level of Income for factors of production used to produce goods and services equals the spending on public goods and services. В. the spending by firms on the factor markets equals the spending by government in the goods market. С. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. O D. the level of sales income by firms equals the level of spending by households in the goods market.
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