Question
In the circular flow diagram with government, what does the government receive from factor markets? (1
O expenditures
Oland, labor, and capital
O taxes goods and services
O expenditures
Oland, labor, and capital
O taxes goods and services
Answers
GPT-4o mini
In the circular flow diagram with government, the government receives **taxes** from the factor markets. Therefore, the correct option would be:
- **O taxes**
The government collects taxes from households and businesses that participate in both the factor markets (where factors of production like land, labor, and capital are offered) and the goods and services market.
- **O taxes**
The government collects taxes from households and businesses that participate in both the factor markets (where factors of production like land, labor, and capital are offered) and the goods and services market.