Draw circular-flow diagram for parts to flow of goods, Microeconomics

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Draw circular-flow diagram for parts to flow of goods

Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods & services & the flow of dollars for each of the following activities.

a) Sam pays a store keeper $1 for a quart of milk
b) Sally earns $4.50per hour working at a fast food resturant
c) Serena spends $7 to see a movie
d) Stuart earns $10,000 from his 10percent ownership of Acme Industrial

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Microeconomics: Draw circular-flow diagram for parts to flow of goods

Reference No:- TGS061092

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Microeconomics: Draw circular-flow diagram for parts to flow of goods

Reference No:- TGS061092

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Socially optimal quantity of cookies

Q : What are the tax consequences to katthryn

Q : Explain one-way analysis of variance for partial output

Q : Product-period costs respectively for first year of coverage

Q : Draw circular-flow diagram for parts to flow of goods

Q : Initial effect of tax reduction on aggregate demand

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Q : What are the two methods of accounting

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: Draw circular-flow diagram for parts to flow of goods

Reference No:- TGS061092

Recent Questions Asked Microeconomics

Q : Socially optimal quantity of cookies

Q : What are the tax consequences to katthryn

Q : Explain one-way analysis of variance for partial output

Q : Product-period costs respectively for first year of coverage

Q : Draw circular-flow diagram for parts to flow of goods

Q : Initial effect of tax reduction on aggregate demand

Q : Directions to the trustee to pay income

Q : What are the two methods of accounting

Q : Is it reluctance of chinese government to hand over power

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