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QUESTION 4 ' 2polms SaveAnswer In the circular flow diagram, when dollar payments flow from households to businesses, what flows back to households in return? C7 labor. A, labor and other resources. (7 goods and services. A, payments to factors of production. QUESTION 5 ' 2poin|s 'saveAnsw'er' The consumer price index, or CPI, A, is a measure of the average price level of all goods and services produced in the economy in a given year relative to the average price level of all goods and services produced in the economy in a base year. (7 is a measure of the average price level of all goods and services produced in the economy in a base year relative to the average price level of all goods and services produced in the economy in a given year. A, is a measure of the average price level of the goods and services bought by a typical consumer in a given year relative to the average price level of the goods and services bought by a typical consumer in a base year. (7 is a measure of the average price level of the goods and services bought by a typical consumer in a base year relative to the average price level of the goods and services bought by a typical consumer in a given year. QUESTION 6 ' 2polms SaveAnswer Within a given period of time, which of the following must be tme? C7 The income earned by households must be equal to investment by firms. A, Total spending in the economy must equal total income. (7 Total spending must be less than total income. A, Total income must be less than total spending