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bulgar [2K]
2 years ago
12

In the circular flow model, the value of total income for an economy ________ the value of total production.

Business
1 answer:
Elena L [17]2 years ago
5 0

In the circular flow model, the value of total income for an economy <u>equals</u> the value of total production.

The circular flow model is an economic model that presents how money, goods, and services move between sectors in an economic system. The main purpose of the circular flow model is to understand how money moves within an economy.

Sectors involved in the circular flow model are:

  • Household Sector
  • Business Sector
  • government Sector
  • Foreign Sector

learn more about circular flow model here

brainly.com/question/1433471

#SPJ4

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Answer:

I dont agree

Explanation:

Cover letters are a good first contact with candidates for a position. They draw attention to the Curriculum Vitae if the Cover Letter is strong enough. Personally, I think that the Curriculum Vitae itself is the most important document that a candidate can create as it specifies all the experience gained through the work life. Additionally, when you are applying to a Job the Cover Letters are optional but the curriculum vitae is always mandatory.

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How has the internet affected the way interest groups do grass-roots lobbying?
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<span>With the onset of the internet and online means of outreach, interest groups and lobbying efforts have become more widespread and efficient in reaching an array of individuals. Given the ability to communicate with thousands or more at a time, they have been better able to frame and promote their interests.</span>
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Which best explains the main purpose of short-term planning?
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Oduvanchick [21]

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4 0
3 years ago
. Explain factors which may cause the demand curve to shift outward​
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Answer:

Answer is below

Explanation:

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2. income of the consumers: when the income of consumers increases, they tend to buy more of a certain commodity they enjoy, hence there will be an outward shift in that commodity's demand curve

3. prices of substitute or complement goods: for example, an increase in the price of a substitute will cause consumers to demand more for a particular commodity, hence, outward in demand shift curve occurs

4. expectations about future conditions and prices: when there is speculation about an increase in the price of an essential commodity or goods consumers enjoy, people tend to buy more in a given moment, hence there exists an outward shift in the demand curve

5. Population of consumers in the market: increase in the population of consumers of a certain commodity is directly proportional to an increase in demand of that commodity, hence there exists an outwards shift in the demand curve.

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