The Five Sector Model (Circular Flow of Income) and economic growth — MR SYMONDS
mrsymonds.com
The Five Sector Model (Circular Flow of Income) and economic growth — MR SYMONDS
The Five Sector Model* is a simplified model of how an economy works. It shows how money moves around an economy and involves five sectors only: households, firms, the financial sector, the government sector and the international sector. [*The Five Sector Model is also known as the Circul
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Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Selena pays a storekeeper 1 for a litre of milk. b. Stuart earns 7 per hour working at a fast-food restaurant. c. Shanna spends 30 to get a haircut. d. Salma earns 10000 from her 10 percent ownership of Acme Industrial. | Numerade
Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities. a. Selena pays a storekeeper 1 for a litre of milk. b. Stuart earns 7 per hour working at a fast-food restaurant. c. Shanna spends 30 to get a haircut. d. Salma earns 10000 from her 10 percent ownership of Acme Industrial. | Numerade
numerade.com
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The Circular-Flow Model | Channels for Pearson
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