Macmillan Learning Sizing Up the Economy Using GDP- End of Chapter Problem True Fruits opens its...

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ⒸMacmillan Learning Sizing Up the Economy Using GDP- End of Chapter Problem True Fruits opens its first smoothie making facility in Baltimore to serve the U.S. market. Starting at the market for inputs, show the flow of goods and services in the box on the left, and show the corresponding flow of money for those transactions in the box on the right. a. Starting at the market for inputs, show the flow of goods and services, moving counter-clockwise. Flow of goods and services Answer Bank True Fruits hires labor and buys smoothie ingredients Smoothies bought by consumers Labor provided to True Fruits by workers True Fruits sells smoothies b. Using the flow of goods and services from part a as a guide, demonstrate the corresponding flow of money so that your top two ranked items from each box complete the market transaction shown in the diagram, and so on. Flow of money Answer Bank Wages and profits paid by True Fruits Income received by workers employed by True Fruits Market value of smoothies Household spending on smoothies ⒸMacmillan Learning Sizing Up the Economy Using GDP- End of Chapter Problem True Fruits opens its first smoothie making facility in Baltimore to serve the U.S. market. Starting at the market for inputs, show the flow of goods and services in the box on the left, and show the corresponding flow of money for those transactions in the box on the right. a. Starting at the market for inputs, show the flow of goods and services, moving counter-clockwise. Flow of goods and services Answer Bank True Fruits hires labor and buys smoothie ingredients Smoothies bought by consumers Labor provided to True Fruits by workers True Fruits sells smoothies b. Using the flow of goods and services from part a as a guide, demonstrate the corresponding flow of money so that your top two ranked items from each box complete the market transaction shown in the diagram, and so on. Flow of money Answer Bank Wages and profits paid by True Fruits Income received by workers employed by True Fruits Market value of smoothies Household spending on smoothies

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