ECON 224 unit 2 assignment (Graded A+) - use as a guide only - 19166

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Unit 2 - Assignment 1

Assignment Type:

Individual Project

Deliverable Length:

900 words

Points Possible:

150

   

 

In the textbook, there are two circular flow diagrams: One that represents the flows in the macro-economy as a closed system and one that represents the flows as an open system. Review the diagrams and write a three to five page length paper that:



·         Defines and explains a closed system and provides an example.

·         Defines and explains an open system and provides an example.

·         Explains the inner and outer flows of a closed system.

·         Explains the inner and outer flows of an open system.

·         Defines and explains leakages in an open system.

·         Defines and explains injections in an open system.

·         Provides a personal example of a leakage, describes it and explains it.

·         Provides a personal example of an injection, describes it and explains it.

Please submit your assignment.

Solution Description

A++++++++

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ECON 224 unit 2 assignment.doc
ECON 224 unit 2...