The Circular Flow Diagram RESOURCE MARKET Households sell •Businesses buy Land, Labor, Capital Entrepreneur BUSINESSES JJ Costs ⚫buy resources sell products Capital repreneur Rent, Wages, Interest, Profits . HOUSEHOLDS sell resources buy products tion with Goods and Services JJ 7 Expenditures Consumption ritten consent of Miclicase Hill Education 3-21 Goods and Services PRODUCT MARKET Businesses sell Households buy LOS Convieht 2018 McGone Hill Education dil richts raced. Ne ered J Revenues

Q: QUESTION 3 This question explores some of the points discussed in Topic 3 (Romer model). It is also…

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A:

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