Question
Question
A circular flow diagram is shown. A center box is labeled A, with arrows pointing to and from the center box and the top and bottom boxes. The top box is labeled D, and the bottom box is labeled B. A box on the left is labeled C, and a box on the right is labeled Households. The outer boxes B, C, D, and Households are connected by curved lines in a circular shape.
Use the image to answer the question.
Which labels according to the diagram represent expenditures, or goods and services?
(1 point)
Responses
A
A
B
B
C
C
D
D
A circular flow diagram is shown. A center box is labeled A, with arrows pointing to and from the center box and the top and bottom boxes. The top box is labeled D, and the bottom box is labeled B. A box on the left is labeled C, and a box on the right is labeled Households. The outer boxes B, C, D, and Households are connected by curved lines in a circular shape.
Use the image to answer the question.
Which labels according to the diagram represent expenditures, or goods and services?
(1 point)
Responses
A
A
B
B
C
C
D
D
Answers
GPT-4o mini
Based on a typical circular flow diagram in economics, the labels that represent expenditures or goods and services are typically associated with firms or producers. In your description, the top box labeled D would likely represent goods and services provided by firms. The bottom box labeled B may also represent expenditures related to consumption.
Therefore, the labels that represent expenditures or goods and services are:
**B and D**.
Therefore, the labels that represent expenditures or goods and services are:
**B and D**.