The two sectors of the economy in the simple circular flow model ...

[genevieve1028]

The two sectors of the economy in the simple circular flow model are
 
  A) the employed and the unemployed. B) households and businesses.
  C) foreign markets and domestic markets. D) the private sector and the public sector.

Question 2

Which of the following is TRUE?
 
  A) Real and nominal values are not related.
  B) Real standards of living can increase without any positive economic growth.
  C) Real standards of living decrease with positive economic growth.
  D) Real growth rates fail to account for by price level changes.

[scottmt]

Answer to Question 1

B

Answer to Question 2

B

[genevieve1028]

YES! Correct, THANKS for helping me on my review

[EAN94]

Thanks for the timely response, appreciate it