Draw a circular flow of diagram and identify the parts of the model that corresponds to the flow of goods when Marks earns $2000 from his 15 percent ownership of apple stock . ii.classify the following statement as positive or normative and explain “ higher tax rates discourage savings and workings “

Draw a circular flow of diagram and identify the parts of the model that corresponds to the flow of goods when Marks earns $2000 from his 15 percent ownership of apple stock . ii.classify the following statement as positive or normative and explain “ higher tax rates discourage savings and workings “

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section: Chapter Questions

Problem 1PA

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Question

i. Draw a circular flow of diagram and identify the parts of the model that corresponds to the flow of goods when Marks earns $2000 from his 15 percent ownership of apple stock . ii.classify the following statement as positive or normative and explain “ higher tax rates discourage savings and workings “

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