Question: Q-1). Do you know the flow? Find a circular flow model below with missing flow, label each flow with 1, 2, 3, ... 7, 8.

Q-1). Do you know the flow? Find a circular flow model below with missing flow, label each flow with 1, 2, 3, ... 7, 8. Also show the spending and revenue or wages/profits and income (money flow) and goods/services (Real Flow). Answer the scenarios using the numbers you have labeled on a circular flow model. To answer correctly, pay close attention to the subject and verb in each scenario.

INJECTIONS Investment (1) Government Export Expenditure (G) Expenditure (X) . . Consumption of Factor domestically BANKS, etc GOV. ABROAD Payments produced goods and services (Cd) Net Net Import Saving Taxes (T) Expenditure (M (S) WITHDRAWALS Two Sector Economy (Activity) Goods and Services Goods and Services Spending Revenue PRODUCT MARKET HOUSEHOLDS FIRMS RESOURCE MARKET Income Wages, Interest, Rent, Profit Factors of Production Labor, Capital, Land, Entrepreneurship

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