Question

Which list contains all four sectors in the complete model?

Options

• Household Sector, Savings, Taxes, Imports

• Producing Sector (Firms), Investment, Exports, Government Spending

• Household Sector, Producing Sector (Firms), Government Sector, Rest of the World

• Labour, capital, land, enterprise

Answer 1

The complete model has four sectors: Household Sector, Producing Sector (Firms), Government Sector, and Rest of the World. It extends beyond the basic two-sector model.