Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 6, Problem 4P
To determine
The Concept of Circular Flow model along with its steps.
Concept Introduction:
Circular flow model: It is the visual model which describes how the economy works and how the different sectors take part and exchange the resources in a circular way.
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B) both B and C
both A and C
D) both A and B
E) only D
y
Xebo
Figure A
X
Figure B
Figure C
26) In the diagram above, which figure(s) show(s) no relationship between the variables?
A) only B
X
Figure D
X
using the data below can you answer the question:
Month
Sales
Jan-16
747
Feb-16
697
Mar-16
1014
Apr-16
1126
May-16
1105
Jun-16
1450
Jul-16
1639
Aug-16
1711
Sep-16
1307
Oct-16
1223
Nov-16
975
Dec-16
953
Jan-17
1024
Feb-17
928
Mar-17
1442
Apr-17
1371
May-17
1536
Jun-17
2004
Jul-17
1854
Aug-17
1951
Sep-17
1516
Oct-17
1642
Nov-17
1166
Dec-17
1106
Jan-18
1189
Feb-18
1209
Mar-18
1754
Apr-18
1843
May-18
1769
Jun-18
2207
Jul-18
2471
Aug-18
2288
Sep-18
1867
Oct-18
1980
Nov-18
1418
Dec-18
1333
Jan-19
1333
Feb-19
1370
Mar-19
2142
Apr-19
2138
May-19
2078
Jun-19
2960
Jul-19
2616
Aug-19
2861
Sep-19
2237
Oct-19
2225
Nov-19
1590
Dec-19
1659
Jan-20
1613
Feb-20
1605
Mar-20
2349
Apr-20
2468…
What are leakages in the circular flow diagram?
(B) Give example of leakage in a three sector economy
Chapter 6 Solutions
Econ Macro (book Only)
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