Refer to the circular flow diagram below. Area A Markets for goods and services Area B Firms Area C Markets for factors of production Area D Which of the following statements is/are corect? The R400 that Vodacom receives from one of its customers each month should be reflected in Area A, while the long hours that Professor Mishi, an economics lecturer, works at Nelson Mandela University, should be reflected in Area D 11. The salary that Sevara eams from tutoring Intermediate Macroeconomics students should be reflected in Area D, while the air tryer that Dr Dyubhele bought from Makro should be reflected in Area B Select one O. Statement is correct. On Statement is correct. Both statements I and II are incorrect 104 Both statements I and I are correct. Households

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Refer to the circular flow diagram below.
Area A
Markets for
goods and services
Area B
Firms
Area C
Markets for
factors of production
Area D
Which of the following statements is/are corect?
1. The R400 that Vodacom receives from one of its customers each month should be reflected
in Area A, while the long hours that Professor Mishi, an economics lecturer, works at Nelson
Mandela University, should be reflected in Area D
II. The salary that Sevara earns from tutoring Intermediate Macroeconomics students should be
reflected in Area D, while the air tryer that Dr Dyubhele bought from Makro should be reflected in
Area B
Stone
O.
Statement Il is correct.
Ob
Statement I is correct.
Both statements I and II are incorrect
04
Both statements I and I are correct.
Households
Transcribed Image Text:Refer to the circular flow diagram below. Area A Markets for goods and services Area B Firms Area C Markets for factors of production Area D Which of the following statements is/are corect? 1. The R400 that Vodacom receives from one of its customers each month should be reflected in Area A, while the long hours that Professor Mishi, an economics lecturer, works at Nelson Mandela University, should be reflected in Area D II. The salary that Sevara earns from tutoring Intermediate Macroeconomics students should be reflected in Area D, while the air tryer that Dr Dyubhele bought from Makro should be reflected in Area B Stone O. Statement Il is correct. Ob Statement I is correct. Both statements I and II are incorrect 04 Both statements I and I are correct. Households
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