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Home / Questions / Refer to the above diagram. What does real flow (1) to real flow (2) represent? Wage, ren...

Refer to the above diagram. What does real flow (1) to real flow (2) represent? Wage, rent, interest, & profit incomea Goods & servicesb c. Land, labor, capital, & entrepreneurial ability d. Consumer

product Market (6) (4) (3) Households Businesses (1) (2) (8) Factor Market (also called Resource Market)

Refer to the above diagram. What does real flow (1) to real flow (2) represent?
 
  1. Wage, rent, interest, & profit incomea
  2. Goods & servicesb
  3. c. Land, labor, capital, & entrepreneurial ability
  4. d. Consumer spending
(5) Product Market (6) (4) (3) Households Businesses (1) (2) (8) Factor Market (also called Resource Market) (7 )

Apr 26 2021 View more View Less

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