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12 shares · 4 comments | A fundamental concept in economics. The Circular Flow Diagram helps us understand how the economy works, how different sectors interact, and how economic activity is measured. #education #economics #economy #everyonefollowers #knowledge #diagram #circulareconomy #aspect #viralvideochallenge #videos | Economics. Com 0.2 | Facebook
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12 shares · 4 comments | A fundamental concept in economic…
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Draw a diagram of the circular flow of income and spending in a... | Filo
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Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities.a. Selena pays a storekeeper $1 for a quart of milk.b. Stuart earns $8 per hour working at a fast-food restaurant.c. Shanna spends $40 to get a haircut.d. Salma earns $20,000 from her 10 percent ownership of Acme Industrial.
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