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Q.5B) Lower Saving rate and Lower Investment rate impacts the output in
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- Draw a circular flow diagram. Determine the parts of the model that correspond to theflow of goods and services and the flow of dollars for each of the following activities.i. Tupperware Company earns RM10 revenue on average from each water bottlesold.ii. Carmen earns RM6 wages per hour working at Seoul Garden restaurant.iii. Ms. Kek spends RM40 to get a haircut.iv. Ms. Goh earns RM3, 000 rental income from her 10 percent ownership of landproperty.1. 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 liter of milk. b. Stuart earns $4.50 per hour working at a fast-food restaurant. c. Shanna spends $30 to get a haircut. d. Salma earns $10,000 from her 10% ownership of Acme Industrial.2. Draw a Circular-Flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of money for each of the following activities. (a) Pervin pays a shopkeeper 1 manat for a litre of milk. (b) Nermin earns 3 manats per hour working at a fast food restraunt (c) Azer spends 7 euros to see a film. (d) Anar earns 10000 euros from his 10 percent ownership in a travel company.
- Economics 1) Draw a saving-investment diagram to show how each of the following changes shifts the IS curve. (a) Future income rises. (b) The future marginal productivity of capital increases. (c) Government purchases decrease temporarily. (d) The effective corporate tax rate increases.5. Diagram P, is a creation prospects bend on which two focuses, An and B, have been plotted. Diagrams P2 and p3 address conceivable p-p bends ten years later. Would P3 be bound to be reached in ten years if point A were chosen or point B? Clarify. Capital goods A B Consumption goods29. Which of the following is an example of the real flow in the circular flow model of economics? A. A woman receives a salary from her job. B. A man earns interest from his investments. C. A family buys a new car. D. A family pays rent for their apartment.
- 5. Explain the difference between investment as the term is used by most people and investment as defined by an economist in two paragraphs.Define factors of production and describehow they contribute to output.1. Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the follow of money for each of the following activities. Alain pays a storekeeper P100 for a liter of milk. John earns P90 per hour working at a fast-food restaurant Hanna spends P120 to get a haircut Anton earns P100,000 from his retailing business.
- Draw a circular flow diagram. Determine the parts of the model that correspond to theflow of goods and services and the flow of dollars for each of the following activities.i. Ms. Goh earns RM3, 000 rental income from her 10 percent ownership of landproperty.Refer to the diagram to answer the following: a. The movement from point A to point B represents: b. The movement from point B to point C represents: c. The movement from point A to point C represents Real GDP per hour Worked Y/L ($, 000) 1,000 900- 800- 700- 600- 500- 400 200- 100- Aggregate Production 0 ljuds 300-midifi E Tommyformemberit A 8 D 20 40 00 80 Capital per hour worked K/L (5,000) 100 O QGRAPH Reset Capital Goods 17 Production Possibilities (Present) Production Possibilities (Future) 16 15 14 13 12 11 10 9 8 7 6 4 3 1 1 2 3 4 8 9 10 11 12 13 14 15 Consumption Goods More More Saving Consumption 1 2. 3 4 5 6 7 E CALCULATIONS Consumption Goods Produced 4.0 Capital Goods Produced 7.5 Instructions: Adjust the slider and gather information from the graph to answer the following questions. a) If a country produces 5 units of consumption goods, how many units of capital goods can it currently produce using all of its resources? b) If a country produces 6.1 units of capital goods, how many units of consumption goods can it currently produce? c) If a country produces 6.1 units of capital goods now, and it continues to produce 6.1 capital goods in the future, how many units of consumption goods can it produce in the future? report your answer to one decimal place d) If a country produces 9.4 units of capital goods now, and then it produces 6.1 capital goods in the future, how…
