Please help me with number 1.6 ,2.2 ;2.3
Dear student ,
The answer to Question 1.6
The participants mentioned in the above s=diagram are Household, firms, government, foreign sector.
The answer to Question 2.2
As there are four participants in the situation, it is a four sector model. The four sector model operates in an open economy. With exports, injections are made in the economy and with imports leakages occur in the economy.
For remaining queries, we request you to post them in separate threads to have rapid assistance from our experts.
Regards
The answer to Question 1.6
The participants mentioned in the above s=diagram are Household, firms, government, foreign sector.
The answer to Question 2.2
As there are four participants in the situation, it is a four sector model. The four sector model operates in an open economy. With exports, injections are made in the economy and with imports leakages occur in the economy.
For remaining queries, we request you to post them in separate threads to have rapid assistance from our experts.
Regards