November 25, 2015

Homework Help: econ - 2 ques

Posted by Help me please on Sunday, November 27, 2011 at 11:01pm.

on a circular flow diagram:

If you buy a pair of shoes, does the purchase directly contribute to the arrows of
a) spending and revenue OR
b) spending and revenue AND goods and services bought and sold

#2 After working a week at a nail salon, you get your first paycheck. This activity contributes directly to the arrows of:
a)factors of production, land, labor and capital OR
b) factors of production, land, labor and capitor AND wages, rent, profit, and income

Thank you for your help.

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