Question

22. In a circular flow diagram, what does the financial flow from business firms to households...

22. In a circular flow diagram, what does the financial flow from business firms to households consist of?   
     
          Expenditures on goods and services
          Payments for resources
          Real goods and services
          Taxes and transfer payments

24. Which 2 sectors of the macro-economy are included in a 2-sector circular flow diagram? (check all that apply)
     
          Business firms
          Government
          Households
          International trade
          Labor



25. What does BLS say is the current natural rate of unemployment?   
     
          4.0%
          5.5%
          10.2%
          Trick question: BLS does not provide a measure of the natural rate

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Answer #1

22) The financial flow from business firms to households consist of-
Payments for resources

as the firm pay the household for their services in the form of wages etc for their employment in the production of goods and services

24) Which 2 sectors of the macro-economy are included in a 2-sector circular flow diagram?
          Business firm
          Households

The 2 sector model includes only firms and households whereas the 4 sector model includes the government and the rest of the world.

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