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Year 9 Economics Flashcards | StudBud
Year 9 Economics
1 / 53
Which of the following is the best definition of a circular flow of income diagram?
A
A set of policies used by a government to regulate production
B
A model illustrating the flow of income in a 5 sector economy.
C
A mechanism to decide what to make, how to make it, and who gets it
D
A graphical model to understand how economies work
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