Wages, dividends, interest, rent = $500 Households Consumer spending = $400 Taxes = $100 Government Factor markets Goods and services markets A) $0 Government purchases of Exports goods and services = $30 = $100 Reference: Ref 7(22)-1 Figure 7-1: Circular-Flow Model B) $30 C) $60 Wages, dividends, interest, rent = $500 Firms D) $100 Imports = $30 (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. What are net exports? Rest of world Listen

Wages, dividends, interest, rent = $500 Households Consumer spending = $400 Taxes = $100 Government Factor markets Goods and services markets A) $0 Government purchases of Exports goods and services = $30 = $100 Reference: Ref 7(22)-1 Figure 7-1: Circular-Flow Model B) $30 C) $60 Wages, dividends, interest, rent = $500 Firms D) $100 Imports = $30 (Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. What are net exports? Rest of world Listen

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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