Question

1. Explain the circular flow of income in an economy.​

Answer 1

Explanation:

Read the extracts given below and attempt ANY ONE, by answering the questions that follow. (4)

A) Weeks went by and still Wanda did not answer, Peggy had begun to forget the whole business,

and Meddie put herself to sleep at night making specches about Wanda, defending her from great

crowds of girls who were trying to tease her with, "How many dresses have you got?" And before

Wanda could press her lips together in a tight line, the way she did before answering, Meddie would cry

out, "Stopl" Then would feel ashamed the way she used to feel.

QESTIONS-

1) What did Peggy start thinking of Wanda?

2) What did Meddie think of doing if anybody insulted anybody?

3) How would everybody feel on reaction of Meddic?

4) Find a word from the passage that means protecting?

OR

B) Belinda embraced him, Mustered licked him,

No one mourned for his pirate victim.

Ink and Blink in glee did gyrate

Around the dragon that ate the pirate.

Answer 2

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction

Answer 3

The circular flow of income or circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents. The flows of money and goods exchanged in a closed circuit correspond in value, but run in the opposite direction