Explain with the help of a diagram the circular flow of income. Identity the parts of the model that correspond to the flow of goods and services and the flow of rupees for each of the following activities. a. Mr A pays a storekeeper Rs. 30 for a packet of milk. b. Miss B earns Rs 150 per hour working at a fast food restaurant. c. Mr C spends Rs. 250 to watch a movie d. Mr D earns Rs. 10000 from his 10% ownership of xyz limited .

Explain with the help of a diagram the circular flow of income. Identity the parts of the model that correspond to the flow of goods and services and the flow of rupees for each of the following activities. a. Mr A pays a storekeeper Rs. 30 for a packet of milk. b. Miss B earns Rs 150 per hour working at a fast food restaurant. c. Mr C spends Rs. 250 to watch a movie d. Mr D earns Rs. 10000 from his 10% ownership of xyz limited .

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter11: Gross Domestic Product

Section: Chapter Questions

Problem 2SQP

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