question archive The Circular Flow Model of the Economy:   a What are the four general categories of economic resources? 2 Marks b Which arrow shows the flow of goods and services? Why? 2 Marks c Which arrow shows the flow of spending by households? Why? 2 Marks d Which arrow shows the flow of the factors of production? Why? 2 Marks e Which arrow shows the flow of income payments? Why?

The Circular Flow Model of the Economy:   a What are the four general categories of economic resources? 2 Marks b Which arrow shows the flow of goods and services? Why? 2 Marks c Which arrow shows the flow of spending by households? Why? 2 Marks d Which arrow shows the flow of the factors of production? Why? 2 Marks e Which arrow shows the flow of income payments? Why?

Subject:EconomicsPrice: Bought3

The Circular Flow Model of the Economy:

 

a What are the four general categories of economic resources? 2 Marks

b Which arrow shows the flow of goods and services? Why? 2 Marks

c Which arrow shows the flow of spending by households? Why? 2 Marks

d Which arrow shows the flow of the factors of production? Why? 2 Marks

e Which arrow shows the flow of income payments? Why?

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