which elemement in the circular flow is considered to be exogenous
In a circular flow, foreign trade would be an exogenous element as it works from outside the economy unlike household and business sector. There are injections and withdrawals made by the foreign sector like exports and imports. Therefore the circular flow is injected and leaked out through this sector.
questions 6-8
QUESTION 6 In the circular flow model, profits are considered to be © a form of interest payment. a subtraction from the Gross Domestic Product (GDP). e a cost of doing business. equal to zero, or else the circular flow would be out of balance. QUESTION 7 The annual cost of producing the entire output of goods and services in the economy O includes durable goods but excludes nondurable goods. can be calculated entirely on the basis of...
Within the circular flow model which of the following is not represented as a flow of funds into firms? A. government purchases B. Consumption spending C. Income payments D. For eight purchases of goods and services
2. (20 marks) The fully-developed, laminar fluid flow through a circular pipe is considered to be one dimensional with a velocity profile given by u(r) = Umax(1 - 52/R2), where R is the radius of the pipe, r is the radial distance from the center of the pipe, and Umax is the maximum flow velocity at the center of the pipe. a) Derive a relation for the drag force applied by the fluid on a section of the pipe of...
Which actor in the simplified circular flow model is on the supply side of the goods market? Markets for factors of production Government Firms Households
Worksheet: Circular Flow Diagram Note: this is not in your text book. Research the "Circular Flow Diagram". There are a number of versions our there, but we will focus initially on what is often referred to as the Simple Circular Flow Diagram. Draw it here F/P Firme! House Holds • What does this model represent? What is it intended to show us? • There should be only two economic actors in your CFD. • What are these 2? Firmy and...
1. Below is an expanded version of the Circular Flow diagram, which you were introduced to in Chapter 1 of the text. Print it out and label the parts - the ovals, the squares, and the arrows. Pay particular attention to the direction the arrows are flowing, and what they are flowing to/from. Circular Flow Diagram ind Services A Goods and se salaries and od Benefits o Wages, s Households Households Firms Firms 8. Payment to Labor Service for Goods...
Which of the following are leakages from the circular flow of income? Group of answer choices Savings, taxes, and imports Investment, government purchases, and exports Investment, taxes and bonds Imports, wages and taxes
Question 10 When calculating net cash flow, which of the following items is NOT considered a cash inflow? Salvage value of old equipment. Reduced cash outflows related to operating costs. Initial investment All of the above are considered a cash inflow.
The circular-flow model
The following diagram presents a circular-flow model of a simple
economy. The outer set of arrows (shown in green) shows the flow of
dollars, and the inner set of arrows (shown in red) shows the
corresponding flow of inputs and outputs.
Based on this model, households earn income when
________________ purchase ___________ in factor markets.
Suppose Latasha earns $650 per week working as a programmer for
PC Pros. She uses $9 to order a mojito cocktail at...
question 1 and 5
8 je Circular Flow of Economic Activity Worksheet 1. Which of the following is NOT one of the three fundamental economic participants a. households b. businesses c. banks d. government 2. The simple circular flow model shows that: a. households are on the selling side of the resource market and the buying side of the product market. b. households are on the buying side of both product and resource markets c. businesses are on the buying...