Question: Part 1: The Circular Flow Model Use the numbers on the circular flow model to label the shapes and arrows indicated on the model

Part 1: The Circular Flow Model Use the numbers on the circular flow model to label the shapes and arrows indicated on the model with the terms listed below. Pay very close attention to the direction the arrows are pointing to help you. Term Bank: Land, labor, capital, entrepreneurship Land, labor, capital, entrepreneurship Factor Market Revenue/profit Expenditure Income/Wages/Rent . Goods and services . Goods and services Consumers/Households . Costs Note that the terms "Land, labor, capital, entrepreneurship" and "Goods and services" will each be used twice. Producers/ Businesses Product Market

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