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government on other things bought through the product markets. A) What is meant by leakages? Households also use part of their factor income to pay government taxes. Takes money from economy in form of tax. The government sector fits into the circular flow as a receiber and spender of income. The United States and the economy. 3 4 Q1 Draw and label the circular flow model and use it to answer the following: pic The circular flow can be explained very easily with a simple formula.
Part of the income goes to the government as personal taxes, and the rest is divided between personal consumption expenditures and personal saving. The income they are recieving is lower than what it has been, which would explain the drop in consumption.
There has also been a noticable drop in the amount the sector has been saving. The production of business' has been low due to the decrease ing demand from the household sector. Supply The number of products-goods and services that businesses are willing to sell at different prices at a specific time. GDP (gross domestic product) C I G X Z C S T B In here C is the consumption, I is investments, G government spending, S savings. This flow moves through product markets, as the gross domestic product of our economy and is the revenue received by businesses in payment for this production. The increase and behaviour of the boundary layer destroys the predictions of the potential flow theory by means of it distorting is it master or masters thesis the pressure distribution. Government purchases of goods and services are made predominantly in the marketplace. The main way in which viscosity affects the behaviour of flow is through the boundary layer meaning a thin layer of fluid next to the surface of any body in a moving fluid. For every buyer there is a seller, The seller receives what the buyer buys, The buyer gives money for goods and the seller gives goods for money.
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