Hi please assist In the circular flow of income and expenditure model.OA.the level of Income for factors of production used to produce goods and services equals the spending onpublic goods and services.O B.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 toproduce public goods and services.O D.the level of sales income by firms equals the level of spending by households in the goods market.Me DenoONOType here to searchhp

The circular flow of income model shows how income flows in the economy.

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. O B. the spending by firms on the factor markets equals the spending by government in the goods market. OC. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. OD. 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. O B. the spending by firms on the factor markets equals the spending by government in the goods market. OC. the level of taxes collected by government equals government spending on the factors of production to produce public goods and services. OD. the level of sales income by firms equals the level of spending by households in the goods market.

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 1DQ

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