
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884
Macroeconomics 11th Edition by Michael Parkin
Edition 11ISBN: 9780133423884 Exercise 36
Indicate on a graph of the circular flows in the market economy, the real and money flows in which the following items belong:
a. You buy an iPad from the Apple Store.
b. Apple Inc. pays the designers of the iPad.
c. Apple Inc. decides to expand and rents an adjacent building.
d. You buy a new e-book from Amazon.
e. Apple Inc. hires a student as an intern during the summer.
a. You buy an iPad from the Apple Store.
b. Apple Inc. pays the designers of the iPad.
c. Apple Inc. decides to expand and rents an adjacent building.
d. You buy a new e-book from Amazon.
e. Apple Inc. hires a student as an intern during the summer.
Explanation
Circular flow:
Circular flows in the ma...
Macroeconomics 11th Edition by Michael Parkin
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