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Answer This Question Q1. (/50] In the Week 6 Lecture, we introduced the Circular Flow of Income Model. The complete model, which depicts the interactions

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Answer This Question

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Q1. (/50] In the Week 6 Lecture, we introduced the Circular Flow of Income Model. The complete model, which depicts the interactions of government, households, and businesses, in Aim for 100-150 words per item. Use the template below to organize your response: addition to leakages (savings, taxes, and imports) and injections (investment, government spending, exports) can be seen below. Sectors (/15) Foreign Government: $ Payment Sector $ Payment Households: for Exports for Imports $ Consumption Businesses: Consumer Goods and services --T -+ Govt. Households Leakages (/15) Businesses *' G TP Savings: Factors Services Taxes: *" Factor Spending s Rent, wages, interest, profit Investment Saving Imports Financial Intermediaries Injections (/15) Investment: As we have discussed in various classes, the Covid-19 pandemic had a significant impact on the circular flow of income within the Canadian economy- Government spending: In this question, you are asked to describe the effects of the Covid-19 pandemic on each of the Exports: sectors (government, households, and businesses), leakages (savings, taxes, and imports), and injections (investment, government spending, exports) in addition to related fiscal/ monetary policies and the effects of each policy. Sources /5 HINT: You may use lecture slides and lectures as a source, but you will have to do some (Include source links below. No APA or formal citations needed): research in order to find some of the information requested above. Acceptable sources include: newspaper articles (from credible media establishments), Government of Canada websites, and peer-reviewed journal articles

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