answersLogoWhite

0


Best Answer

Are sellers in labor market and buyers in the goods and services market

User Avatar

Sherwin 23

Lvl 2
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: According to the circular flow model on what is all household income spent?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Circular flow of income model withdrawal from the circular flow?

Taxation Imports Savings


Circular flow of economic activity?

Cached - SimilarYou +1'd this publicly. UndoIn economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income


Explain four sector model with circular-flow diagram?

explain with the help of diagram circular flow of income model in a four sector economy?


The movement of income from producers of goods and services to consumers and back to producers is known as the?

The movement of income from producers of goods and services to consumers, and back to the producer is known as the circular flow. Circular flow is generally shown in a circular flow chart or model.


Why is the circular flow model important?

Total income in the economy must always equal total spending. :)


To which principle does circular flow refer?

The circular flow refers to a simple economic model which describes the reciprocal circulation of income between the consumers and producers. Thanks


According to the circular flow model which of the following is not provided by consumers?

Wages


According to the circular flow model Which of the following is not provided by consumer?

Wages


Circular flow refers to the economic model that describes which of the following?

mutual circulation of income between producers and consumers


In a Circular Flow Model consisting of the Household Sector The Business Sector Product Markets and Resource Market...?

Businesses are sellers of products.


What is the expanded circular flow model of the economy?

The circular flow model of the economy is a conceptualization of the basic flows of income and spending in the economy during a given period of time. It is usually depicted on a diagram, which can be viewed at the Related Link.


According to the circular flow model what do producer provide to consumers?

WagesApex approved