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Circular Flow Diagram
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Problem 9
Problem 10
Circular Flow Diagram
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1. Introduction to Macroeconomics / Circular Flow Diagram / Problem 9
Problem 9
If a person works as a teacher and uses their salary to buy groceries, how is this represented in the circular flow model?
A
The person sells goods in the market for goods and services.
B
The person receives goods from the market for resources.
C
The person provides capital to the market for resources.
D
The person provides labor to the market for resources and spends money in the market for goods and services.
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