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ASAP GA02 - Circular flow Go GO...

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Accounting

ASAP
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GA02 - Circular flow Go GO res Capon Roofthew The lightly motivat the two che how we der what reagierto deather any commerce enough that can www.motointegral M 5 AM 1 GAO2 - Circular flow Production Firms Households Consumption Government purchases Government Net taxes Exports Rest of the world Imports The figure above is a slightly-modified version of the circular flow diagram from Chapter 5. The arrows in this diagram represent the flow of money, but I want you to redraw the diagram by reversing the direction of all of the arrows and clearly labeling what real thing is flowing in the other direction. To be clear: there should not be any flows of money in your diagram; it should show the flow of goods and services or factors of production, etc. Make sure you label it clearly enough that I can tell that you know what real flow balances out the money flow in the original diagram

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