Sequence the following events related to the Circular Flow of Income:
- Firms produce goods and services.
- Households provide factors of production to firms.
- Households earn income and consume goods and services.
- Firms pay for the factors of production.
1
1 → 4 → 2 → 3
2
2 → 1 → 3 → 4
3
2 → 4 → 1 → 3
4
3 → 1 → 2 → 4