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vesna_86 [32]
4 years ago
11

Which of the following is NOT part of the simple circular flow model?

Business
1 answer:
hjlf4 years ago
4 0

Answer:

<u>The correct answer is B. Government</u>

Explanation:

There is no doubt that the simple circular flow model explains supply and demand in an elemental economic perspective, however this model doesn’t take into account at least five other key factors of the economic systems.  Those factors are:  

1. Government sector.

2. Government spending.

3. The taxation system.

4. The financial institutions.

5. Imports and exports.

<u>The correct answer is B. Government.</u>

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