Question

4. Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and the flow of rupees for each of the following activities:

a. Laiba pays a shopkeeper Rs.100 for a quart of milk.

b. Sarah earns Rs. 450 per hour working at a fast food restaurant.

c. Tahura spends Rs. 300 to get a haircut

. d. Hajra earns Rs. 100,000/- from her 10 percent ownership of PIA

. e. Sidrah spend Rs. 1,000/- to get a Pizza.

Answer 1