BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985
BuyFind

Brief Principles of Macroeconomics...

8th Edition
N. Gregory Mankiw
Publisher: Cengage Learning
ISBN: 9781337091985

Solutions

Chapter
Section
Chapter 2, Problem 1PA
Textbook Problem

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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Chapter 2 Solutions

Brief Principles of Macroeconomics (MindTap Course List)
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