In the factor market, households supply firms with the factors of production such as land, labor, capital etc and obtain income such as rent, wages, interest respectively. Which of the following statements about economic models is correct? If the four suppliers listed are the only suppliers in this market and the market quantity. imports: goods and services that are produced in other countries but are purchased in your country. Refer to figure 4-27. Solved 5. Refer to Figure 2-1. Which arrow shows the flow of - Chegg In fact, Tennant earned $1.45 per share (adjusted -- actual income as calculated according to generally accepted accounting principles, or GAAP, was $1.30 per share), and its sales exceeded $305 million. C. can be used to predict the impact on the economy of various event and policies. A b. An arrow pointing from households to firms represents the flow of resources. In terms of the five sector circular flow of income model the state of equilibrium occurs when the total leakages are equal to the total injections that occur in the economy. Invest better with The Motley Fool. [3] Franois Quesnay developed and visualized this concept in the so-called Tableau conomique. To access the webcast, go to the Investor Relations section of FIS homepage, www.fisglobal.com. Build deeper relationships across digital and physical channels, Deliver an exceptional customer experience, Optimize the onboarding experience across digital channels, Modernize customer deposits and increase satisfaction, Drive operational efficiency and customer satisfaction, Modernize, launch and scale banking innovation, Power payments on your marketplace or platform, Simplify domestic and international payouts, Accelerate real-time and other account-to-account payments, Increase revenue through smarter centralization, authorization and validation, Modernize treasury and optimize the balance sheet, Consolidate and automate for maximum efficiency, Advance your securities and investment firm, Grow Commercial Banking and Asset Finance, https://www.businesswire.com/news/home/20230427005250/en/, Director Code of Business Conduct and Ethics, Modern Slavery Act Transparency Statement, Environmental, Social and Governance (ESG) Policy, Increased first quarter revenue 1% on a GAAP basis and 3% on an organic basis to, Generated first quarter GAAP Diluted EPS of, Announces increase to full-year 2023 outlook, changes in general economic, business and political conditions, including those resulting from COVID-19 or other pandemics, a recession, intensified international hostilities, acts of terrorism, increased rates of inflation or interest, changes in either or both. Is SoFi Stock a Buy Now? An arrow pointing from households to firms represents spending by households on goods and firms revenues. 1 Volume refers to the total dollar value of the transactions processed during the stated period. Friday of that week, she receives her first paycheck. The circular flow of income is a concept for better understanding of the economy as a whole and for example the National Income and Product Accounts (NIPAs). [5], Of course, the total economy is much more complicated than the illustration above. The table above shows the number of cases of water each seller is willing to sell at the prices listed. Second Quarter and Full-Year 2023 Guidance. The rise from $0.55 a year ago to $1.30 today marks a 136% increase. Travis can mow a lawn in two hours or he can trim a tree in one hour. ANS: D REF: 2-1. Foundations of Macroeconomics Prices and unemployment Suppose a person borrows $100 for a year. View the full answer Step 2/2 Final answer Transcribed image text: 5. This is a leakage because the saved money cannot be spent in the economy and thus is an idle asset that means not all output will be purchased. $300 = $300. This matter and low entropy energy and the ability to absorb waste exists in a finite amount, and thus there is a finite amount of inputs to the flow and outputs of the flow that the environment can handle, implying there is a sustainable limit to motion, and therefore growth, of the economy.[25].