5 Uso the following news clip to work Problems 6 and 7, and use the circular flow model to illustrateyour answers.HouseholdsGoodsmarketsFactormarketsRest ofworldFirmsGannett Outsourcing Nearly 500 Jobs to Indla Gannett (the largest U.S. newspaper publisher bydally circulation) is outsourcing 485 Jobs to India.Source: newjerseyglobe.com, December 11, 2020Q6. Explain how Gannett's outsourcing to India will change India's GDP.Q7. Explain how Gannett's outsourcing to India will change U.S. GDP.

A circular flow model shows us the direction flow of money and goods and services between the agents…

Answered: Households

Business

Economics

Households

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter30: The Labor Market

Section: Chapter Questions

Problem 14E

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Question

Uso the following news clip to work Problems 6 and 7, and use the circular flow model to illustrate
your answers.
Households
Goods
markets
Factor
markets
Rest of
world
Firms
Gannett Outsourcing Nearly 500 Jobs to Indla Gannett (the largest U.S. newspaper publisher by
dally circulation) is outsourcing 485 Jobs to India.
Source: newjerseyglobe.com, December 11, 2020
Q6. Explain how Gannett's outsourcing to India will change India's GDP.
Q7. Explain how Gannett's outsourcing to India will change U.S. GDP.

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