World economy 1 2 Firms Goods and services market Factor payments Financial system 3 6 4 Households 7 5 Taxes Transfers 8 Government Answer Bank John receives $200 in welfare. The government pays $50K to a consulting firm. An IT company pays for new computers. Sarah pays $2K in income tax. ABC bank borrows $1 Billion from abroad. Kat puts $10K into her savings account. Lee pays for a new television. The government issues $20M in bonds.
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The image shows an expanded circular flow diagram, which tracks how money flows through an economy. Provided is a list of financial transactions completed in the economy. Drag and drop the transactions to indicate where they appear in the flow of money. World economy Firms Goods and services market Factor payments Financial system Households Taxes Transfers Government Answer Bank An IT company pays for new computers. ABC bank borrows $1 Billion from abroad. Sarah pays $2K in income tax. John receives $200 in welfare. Kat puts $10K into her savings account. The government issues $20M in bonds. The government pays $50K to a consulting firm. Lee pays for a new television.
Cameron B.
answer all 8 boxes with the word bank below. The blue line shows where the box is repersenting
Roee S.
Which of the following are included in this year's GDP? Explain your answer in each case. a. Interest on an AT\&T corporate bond. b. Social Security payments received by a retired factory worker. c. The unpaid services of a family member in painting the family home. d. The income of a dentist. e. The money received by Smith when she sells her economics textbook to a book buyer. f. The monthly allowance a college student receives from home. g. Rent received on a two-bedroom apartment. h. The money received by Josh when he resells his currentyear-model Honda automobile to Kim. i. The publication of a college textbook. j. A 2 -hour decrease in the length of the workweek. k. The purchase of an AT\&T corporate bond. 1. A S2 billion increase in business inventories. m. The purchase of 100 shares of GM common stock. n. The purchase of an insurance policy.
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