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Natali5045456 [20]
1 year ago
15

The circular flow model examines interactions between which sectors of the economy?

Business
1 answer:
Lorico [155]1 year ago
8 0

The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for resources and the market for products and services—is depicted by the circular flow model.

<h3>What is circular flow model?</h3>

A model of the economy known as the circular flow of income or flow is one in which the main transactions between economic agents are shown as flows of money, products, and services, etc. In a closed circuit, the flows of money and goods are equivalent in value but move in the opposite direction. The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for resources and the market for products and services—is depicted by the circular flow model.

The circular flow diagram's four key components are people, businesses, markets for products and services, and markets for factors of production. These four components provide a framework for comprehending how money moves continuously across an economy.

Hence, The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for resources and the market for products and services—is depicted by the circular flow model.

To learn more about circular flow model refer to:

brainly.com/question/14406067

#SPJ4

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If so maybe see hope help
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3 years ago
earned net sales revenue of $62,000,000 in 2016. Cost of goods sold was $41,540,000​, and net income reached $9,000,000​, the​ c
Gekata [30.6K]

Answer:

33%

Explanation:

The gross profit percentage is also known as the gross margin which is the ratio of the gross profit to sales. it shows the amount of gross profit earned per $1 of revenue made.

The gross profit is the difference between the sales and the cost of goods sold.

Gross profit for 2016

= $62,000,000 - $41,540,000

= $20,460,000

Gross profit percentage

= $20,460,000 /$62,000,000

= 0.33

= 33%

3 0
3 years ago
In September 20X3, LaToya Corporation paid for insurance for the next six months in the amount of $42,000. On December 31, LaToy
Umnica [9.8K]

Answer:

Net income is overstated by $28,000.

Explanation:

As the company forget to make the adjustment entry it didn't recognize any expense for the expired insurance.

From September to December 31th 4 month of insurance has expired:

42,000 x 4 month/6 months = 28,000 insurance expense

as the expense weren't post the income statement is overstated along with the assets of the company as it doesn't have a prepaid amount for 42,000 but for 14,000

5 0
3 years ago
If $1,000,000 of 9% bonds are issued at 102 3/4, the amount of cash received from the sale is
Marina86 [1]

Answer:

b.$1,027,500

Explanation:

First we need to find the number of bonds issued so we will divide 1,000,000 by 100 as we assume 100 is the face value. 1,000,000/100=10,000

Now we will multiply the number of bonds by the issue price in order to find the amount of cash received.

10,000*102.75=1,027,500

6 0
3 years ago
An individual is on the game show Squeal or No Squeal, and she has a choice between receiving a certain gain of $100,000.00 and
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Answer:

she is acting like a person who is a risk lover

Explanation:

we get missing option they are as

A) irrationally B) like a person who is risk neutral C) like a person who is a risk lover D) like a person who is risk averse

so here correct answer is (c) like a person who is a risk lover because

here when she gain gain of $100,000.00 and than with 50.00% chance of winning amount  $200,000.00 or it will be zero

As a risk lover means a risk taker. Risks may be uncertain or positive or negative in the future.  

A risk taker or risk lover is a person's ability to take a risk on investment or gambling to earn a high return. The result can be positive or negative.

Whatever the risk lover takes, he or she accepts the risk.

5 0
3 years ago
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