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- Draw a circular-flow diagram for a four-sector economy. Identify the each part of the model that correspond to the flow of inputs/resources/goods and services and the flow of rupees/expenditure/income/revenue/receipts.Define economics. Also discuss the flow of goods, services, resources and money payments in a two sector economy with the help of a suitable diagramDetail answer with example and diagramsHey! Need help with the following Macroeconomics question, it contains six small sub-questions. Both charts are attatched below. Thank you in advance! What is the GDP per capita in Lusitania? What is the GDP per worker in Lusitania? What is the GDP per capita in Arctica? What is the GDP per worker in Arctica? Based on the given information, would Arctica be considered more productive than Lusitania? Explain your answer. How would you use the information given in both these tables to compare living standards in Lusitania and Arctica?
- Explain how , in the basic Circular Flow diagram, households and firms can be thought of as both consuming and producing?The circular flow model is * O a chart of financial transactions. a chart of quantities of production. an analysis of production categories. a diagram of interactions in open markets.Which of the following is not urbanisation process. A.Agglomeration B.Population boost C.Economic growth D.Urban Hierarchy
- Financial development, social capital, favourable business regulation, tradeopenness are different aspects of ‘social capability’ influencing innovationprocesses and, therefore, economic development. Make a ranking of these factorsaccording to their observed degree of importance for economic development (3points). Explain why ‘inclusiveness’ and ‘equality in opportunities’ canstrengthen the innovation capability of an economy1. What metrics can help analyze the economic environment of a country?Critically discuss the types of economic systems which exist and provide examples ofcountries where the systems are maintained. Indicate which type of economic system isexhibited in the CSME.
