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Realflow vs moneyflow in a two sector circular flow model?
real flow of economics activities
A circular-flow diagram is a model that?
A)help to explain how partipant in the econmy interact with one other . B)help to explain how the economy is organized . C)incorporate all aspects of the real economy. D)Both (a)and (b) are correct
In economics while drawing PPC graph real flow is?
Inner loop.
A or An is an abstract representation of reality or of a real-life situation?
model
When does an economist consider an economic model useful?
Simplifies representations of the real world
Realflow vs moneyflow in a two sector circular flow model?
real flow of economics activities
How is a model similar to the real object its represents how is it different?
The model is similar to the real object because of how it is three-dimensional.
How is a model similar to the real object it represents how is it different?
The model is similar to the real object because of how it is three-dimensional.
A word equation that represents a real-life problem?
Verbal Model
A circular-flow diagram is a model that?
A)help to explain how partipant in the econmy interact with one other . B)help to explain how the economy is organized . C)incorporate all aspects of the real economy. D)Both (a)and (b) are correct
What does a scale represent?
A scale represents the relationship between a model and the actual measurement if the real object.
If a model airplane has a scale of 1 to 72 how many feet long is the real airplane if the model is only two inches long?
One inch on the model represents 72 inches -- or six feet -- on the real McCoy. Since the miniature is two inches long, the actual airplane it represents is 12 feet long.
What are three real examples of real world circular flow?
-- wind pattern around an atmospheric center of high pressure -- wind pattern around an atmospheric center of low pressure -- liquid running down the drain
What has the author John W Brook written?
John W. Brook has written: 'Non-linear supersonic conical flow over flat plate delta wings' 'An approximate method for calculating the hypersonic flow around circular cones at zero angle of attack, including real gas effects'
What does verbal model mean in math?
the person before didn't help so here you go it means a word equation that represents a real world situation hope this helped :)
What is the difference nominal cash flow and real cash flow?
Difference between real and nominal cash flow is that nominal cash flows uses the inflation information as well for calculation of nominal cash flow of future while real cash flow don't use that information for calculation.
Where might a chord of a circle appear in real life?
circular tunnel
