In the circular-flow diagram, the value of household income (the sum of wages, dividends, interest, rental income, and transfer payments) equals the sum of:
A. household tax payments.
B. consumer spending, private saving, and household tax payments.
C. transfer payments and household tax payments.
D. the money supply.
In the circular-flow diagram, the value of household income (the sum of wages,…
In the circular-flow diagram, the value of household income (the sum of wages, dividends, interest, rental income, and transfer payments) equals the sum of:
