Use the figure below to answer the question that follows. Firms (1) (4) Factor market Goods market (2) (3) Households Which one of the following statements is CORRECT? a) Flows (2) and (3) represent income. b) Flows (2) and (4) represent spending. c) Flows (1) and (2) represent spending. d) Flows (1) and (3) represent spending.

Savings (thousand) Consumption (thousands) 6 Panel A Consumption Move this point along C C Y=C+S O Macmillan Learning Adjust the interactive graph in order to observe the relationship between income, consumption, and saving changes as income increases. Use the graph to help you answer the following questions. 2 3 4 5 6 Panel Bincome (thousands) Savings 4 5 6 S Income (thousands) a. At an income of 4000, how much is consumed? How much is saved? Consumption = $ -500 Savings = $3500 O Consumption = $0 Savings $4000 = Consumption = $ 3500 Savings = $-500 O Consumption = $4000 Savings = $0

Describe the consumption pattern of the consumer based on the table below   unit MU/P (sundae) MU/P fries 1st 8 7 2nd 3 5 3rd 1 0

What is the type of consumption of household spending which is independent

1. What relationship does the income expenditure model represent? Why is it used?

In the simple circular-flow diagram, in which market are households sellers? the factors of production market the goods and services market both the factors of production market and the goods and services market neither the factors of production market nor the goods and services market

Which one of the following is NOT a possible relationship between income and spending Select one: a. Income equals the level of spending b. Spending is higher than income c. None is a relationship d. Income is higher than spending

15. Enchante Inc., a designer clothing company buys $400 worth of silk from a silk trader, and $30 worth of accessories from AccessoriesRUs to produce each dress. If the value-added by Enchante is equal to $300, then according to the value-added approach, the price of the designer dress should be: A) $430. B) $300. C) $730. D) $400.

What type of relationship would you expect between thefollowing?a. Sales of hot dogs and sales of hot dog bunsb. The price of winter coats and sales of winter coatsc. The price of personal computers and the production ofpersonal computersd. Sales of toothbrushes and sales of cat foode. The number of children in a family and the number oftoys in a family2. Represent the following data in bar graph form.

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.)