Question

In the circular flow diagram with government, what does the government receive from factor markets?(1 point)

Responses

Taxes
Taxes

Expenditures
Expenditures

Goods and Services
Goods and Services

Land, Labor, and Capital

Answer 1

[AI-generated answer — Bot GPT 3.5]

Taxes

Answer 2

[AI-generated answer — Step-by-Step Bot]

In the circular flow diagram with government, the government receives taxes from factor markets.

Answer 3

[AI-generated answer — Explain Bot]

In the circular flow diagram with government, the government receives taxes from factor markets. Taxes are payments made by individuals, households, and businesses to the government. These taxes can be in the form of income taxes, corporate taxes, sales taxes, and many others. The government collects these taxes to generate revenue that can be used to fund its various functions and expenditures, such as public goods, infrastructure, and social programs. So, the correct answer is "Taxes."