Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The image shows an expanded circular flow diagram, which tracks how money flows through an economy. Provided is a list of financial transactions completed in

The image shows an expanded circular flow diagram, which tracks how money flows through an economy. Provided is a list of financial transactions completed in the economy. Drag and drop the transactions to indicate where they appear in the flow of money.

image text in transcribedimage text in transcribed
\fAnswer Bank Lee pays for John receives An IT company pays ABC bank borrows The government issues a new television. $200 in welfare. for new computers. $1 Billion from abroad. $20M in bonds. Kat puts $10K into The government pays Sarah pays $2K $50K to a consulting rm. in income tax. her savings account

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Economics questions