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Answer to Question #125778 in Economics of Enterprise for aa
Question #125778
Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of money for each of the following activities:
a) Joe pays $8 for buying a coffee at Starbucks.
b) Joe earns $50 per hour working as an accountant to Deloitte.
a) Joe pays $8 for buying a coffee at Starbucks.
b) Joe earns $50 per hour working as an accountant to Deloitte.
Expert's answer
a) A, B, C and D
b) E, F, G and H
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