The figure shows the circular flows in the market economy.Indicate the real and money flows in which the following items belong.When Apple Inc. pays the designers of the iPad, the flows are ato households and afrom households to firms.O A. real flow; real flowB. money flow, money flowOC. money flow, real flowO D. real flow; money flowWhen you buy a new e-book from Amazon, the flows are ahouseholds to firms and afrom firms to households.O A. money flow, real flowO B. real flow; money flowOC. money flow, money flowOD. real flow; real flowfrom firmsfrom(Labour, land, capital,entrepreneurshipFACTORMARKETSHOUSEHOLDSWages, rent,interest,profitsFIRMSGoods andservicesExpenditureon goods andservicesGOODSMARKETS

The real flow is the flow of physical factors of production like land, labor, capital, and…

Answered: The figure shows the circular flows in…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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5 8 Market for Factors of Production 7 O Dale pays for his movie ticket. 6 Which of the descriptions below best matches the flow described by #2? Hint: To see the origin of the flow, pay attention to the subject of the sentence, are we talking about a firm or a household? To see the kind of flow, first, think whether it is a monetary flow or a real flow and, if it's a real flow, think whether we are talking about goods & services or about factors of production -- this will help you identify the market involved. O Peter buys gourmet jam. O Target earns big revenue on Black Friday. Laura offers her labor delivering sandwiches for Jimmy John's. Spencer receives wages for tutoring. O Bank of America pays rent for its office rentals. Safeway sells groceries. 2 3 Market for Goods & Services 4 Turner Construction rents trucks for its business. 1
In the simple circular-flow diagram, markets consist of: Select one: O a. the market for goods and services and the financial market O b. the market for goods and services and the market for factors of production O c. the market for goods and services O d. the market for the factors of production
The outer flow in the circular flow diagram is measured in O goods and services produced inputs (factors of production) O government revenues O money MacBook Air 吕口 F3 D00 F4 F5 F6 F7 F8 2$ & 4 7 8 Y 6
Early during the COVID-19 pandemic, the government used multiple stimulus packages to increase government spending. 3. Using the Z-Y, NX-Y, IS-LM, UIP combined graph on the next page, what should be happening as a result? Show the shifts on the graph itself. NN Z Z NN Y=Z Z c0- if f UI i pvt L M c1T+I+G+NX i10 y 45° if f if NK N Y Y f 0 Y X Y 0 Y 0 Y 20 NX N X E 0 E Y NX Fiscal stimulus
In the simple-circular flow diagram, the flow of money from the firms to the markets for factors of production is called a. revenue. b. spending. C. wages, rent, and profit. O d. income.
ciples of Macroeconomics || Fall20 1 What does the PPI measure? ed Select one: d out of O a the average change in the prices paid for all goods produced in the economy over a given year O b. the level of production of goods and services generated in the economy in a given year question O c. the difference between the prices consumers pay for goods and services and the prices producers pay for O d. the average of the prices received by producers of goods and services at all stages of the production pro Ti navigation Type here to search
Which statement best describes the circular flow of an economy?the flow between businesses and resourcesthe exchange of money, goods, and services in an economya circular flow happens only in a resource marketa circular flow happens only in a goods and services market
Circular-flow diagram shows how dollars flow through markets among households and firms Select one: OTrue False
An article in the Wall Street Journal on the housing market states that "Steady job growth, rising wages and low interest rates have helped prop up housing demand." Source: Steven Russolillo, "Why the Housing Market is Getting Stronger," Wall Street Journal, May 22, 2016. Why do low interest rates increase the demand for housing? O A. The lower the interest rate, the less expensive it is for households to borrow money. O B. The lower the interest rate, the lower the price that sellers are willing to accept for their home. O C. When interest rates are low, the supply of housing increases. O D. Lower interest rates induce consumers to save more money for future home purchases. In the official government National Income and Product Accounts (NIPA), what component of investment includes purchases of new houses? O A. "Actual investment" OB. "Inventories" OC. "Plant and equipment" O D. "Residential"
Again, please work with the following data set. It describes production of the only three goods made by Economy Zeta, along with their prices, for each of three years. Quantity Price of Quantity of Price of Quantity of Price of of Food Food Energy Energy Shelter Shelter 2018 800 $5 1000 $10 200 $100 2019 850 $6 1100 $12 240 $100 2020 850 $7 1200 $14 300 $100 Year Economists estimate that the average person in this economy consumes 12 units of food, 20 units of energy, and 2 units of shelter over the relevant period. 2018 is the base year. Using the GDP deflator, the inflation rate between 2018 and 2019 for this nation is ______________ percent. (Enter your answer "as a percent, but without the percentage sign." If you think the inflation rate is 99.99 percent, enter only 99.99 in the blank.)
Which of these is not a goal of macroeconomics? O a. To achieve higher level of employment O b. To achieve higher level of GDP O c. To help in stabilizing prices O d. to help determine the most efficient use of a machine
QUESTION 19 Which of the following is a microeconomic statement? OA The real domestic output increased by 2.3 percent last B. Unemployment was 6.5 percent of the labor force last year O C. The price of personal computers declined 4.7 percent last year OD. The general price level increased by 3.1 percent last year year QUESTION 20 Save All Answe Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL

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