Business, 16.03.2020 21:51 Vlop2780

The simple circular flow model shows that A. total income received by households is less than the total value of goods and services produced because of leakages. B. total income received by households must be equal to the dollar value of all goods and services produced. C. total income received by households is different from the dollar value of all goods and services produced because the units of measurement are not the same. D. total income received by households is less than total payments to business because there are business profits.

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The simple circular flow model shows that A. total income received by households is less than the to...