Question 0

In its simplified form, the circular flow of income concept refers to the?

  • A.real flow in goods and services between the product and factor markets
  • B.monetary payment for goods and services produced by individual firms
  • C.transactions in goods and services and payment for such transactions between individual firms and households.
  • D.money flows associated with transactions between individual firms and households
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1989
Question no.
#0
Type
Objective

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