Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods
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Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of dollars for each of the following activities:
a Sam pays a shopkeeper $1 for a litre of milk.
b Terry earns $16.50 per hour working at a fast-food restaurant.
c Uma spends $13 to see a film.
d Violet earns $10
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