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lys-0071 [83]
4 years ago
7

The circular flow model examines interactions between which sectors of the economy? Check all that apply.

Business
2 answers:
nirvana33 [79]4 years ago
4 0

Business, Government, and Household sector is the answer

sattari [20]4 years ago
3 0

Answer: Business, Government and Household sector

Explanation: A circular flow diagram shows the flow of goods and services between the firms, households and the government. Role of each sector,

<em>Business</em>- Supply goods and service to the households and government sector in return for revenue and make factor payments to the households.

<em>Household</em>-  They supply factors of production to the government and the business sector in return for factor payments and purchase goods and services from them.

<em>Government</em>- This sector produces goods and services, taxes the households and business sector and also provides transfer payments or subsidies to them.


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Cost price formula = Cost + Profit

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The Cost price formulas count two factors the gives price of product and services. The cost price formula has two factors cost of product and profit percentage that seller want to generate from specific product or services.

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First and foremost, we need to understand that a direct labor spending variance of $990(unfavorable) means that the firm spent an additional $990 compared to what was expected.

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$1=X-$11

X=$1+$11

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