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?
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?