Refer to the diagram. Flow 1 represents:
A. wage, rent, interest, and profit income.
B. land, labor, capital, and entrepreneurial ability.
C. goods and services.
D. consumer expenditures.
A. wage, rent, interest, and profit income.
Economics
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A bank seeks a 4% real return on its loans and predicts a 4% annual rate of inflation. It should therefore charge a nominal interest rate of
A) 0%. B) 1%. C) 4%. D) 8%. E) 12%.
Economics
A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of:
A. Assets B. Liabilities C. Capital stock D. Net worth
Economics