The Two Circular Diagram Charts Essay

866 words - 4 pages


In the following paragraphs there will be explanation of the way that the flow diagram charts works. This is for the two forms of an open system and the closed system in macro-economics. The definition and how the flow chart help keep the flow of cash in the nation and international.

There are macro-economic models in the world today. Two forms of systems to keep track of the flow of money. The first is a closed system, which basically trades the domestic’s cash flow, plus the mechanism which is used by the nation. The second method is called open system; the open system is used mostly to trade all forms of cash flow also international purchases and sales.

...view middle of the document...

In the open system, taxes are included to show government purchases and inject money back in the economy. Monies that are lost due to purchase of foreign goods and services also included in the open system.
The America economy runs on an open system that sees many leakages in the government and foreign companies. Government leaks occur when taxes imposed on individuals and companies lost in income. The foreign leak happens when individuals or companies decides to buy from foreign products at a cheaper rate. Such transactions spent on products are leaks overseas and sometimes never come back. Another form of leakage is when Americans companies use outsources their labor or capitol to overseas locations. Even though the company may save, they can make additional profits, the funds which are leaked may never be seen again.
A most currently debated business who outsources their labor, the production of production of products is Apple. They are currently undergoing rigorous investigations for poor working conditions provided in overseas locations. Because of the working conditions in foreign areas the safety regulations and minimum wage were miniscule. The Americans may not ever get these jobs back because the Chinese will always underbid (Eskow, 2012).
Now what happens to all the money that leaks out of the economy go? Mostly to the other nations economies. Which some of the monies do make it back to the American economy the same as it left? When an injection takes place ths when a foreign or individual purchases American goods or services. If a forging company hires an American worker the wages are injected back...

Other Papers Like The Two Circular Diagram Charts

Windows Server Essay

1074 words - 5 pages Windows Server Deployment Proposal Overview Each student will create a detailed, organized, unified technical solution given the scenario described below. The submission will be in a written format, with at least one diagram, and may include additional diagrams, charts or tables. The assignment is meant for students to enhance their mastery of the material and to provide a creative and realistic way in which to apply knowledge from this

Economy Essay

4303 words - 18 pages start. Question 1 Draw a diagram showing the participants of the Circular Flow of Income and explain how it operates. The simple model is sufficient for a beginning, but an economy is more complex and involves external influences, which can raise or lower economic activity. Question 2 Identify three injections and three withdrawals from the Circular Flow of Income; give examples of each, and how they affect levels of economic activity. In the


414 words - 2 pages to be an economic objective.  | 3. List the main differences between a free-market system, a command economy, and a mixed economy. (9 points) 4. Label each side of the circular flow diagram, along with the factors being exchanged. Below the chart, write an explanation that describes the process being shown. (10 points)  Use the following labels: Land Labor Capital; Producers; Wages Payments Profit; Goods and Services; Consumers; Consumer


2126 words - 9 pages the Moon C the path of a star in the sky D the path of the Earth's north pole in the sky E the path of the Sun in the sky 8. Which of the following statements about the Copernican solar system model is correct? A it did away with the need for epicycles B it had the Earth motionless C it provided a physical explanation of why the planets moved D it used uniform circular motion E it was the first time we know of that anyone regarded the

Business Systems Analyst Week 4

410 words - 2 pages Problems/Exercises Chapter 7 Questions 5, 16, & 17 1. Consider the E-R diagram in Figure 7-20. Based on this E-R diagram, answer the following questions: o a. How many EMPLOYEES can work on a project? Based on Figure 7-20 the degree shows many to many which indicates there are several projects with several employees working on them. o b. What is the degree of the Used_on relationship? The degree of the Used_on relationship shows “many


753 words - 4 pages need employees. With the wages being earned by those employees’ that is where a positive economic activity will happen. This positive economic activity is shown in a circular flow diagram of the economy. This circular-flow diagram how all three areas of households, governments, and business interact in different way and are organized in an aggregate economy (Colander, 2010). Conclusion In this paper it described economic terms such as GDP

How To Become An Effective Hr Officer

2364 words - 10 pages and force field analysis. These two charts summarise and compare the data proporation and trend respectively. Charts are more easier to grasp so they are quite common in the presentation and report. Gantt chart is a more common tool used in creating a project network. This method establish a time-phased network because it links activities with a schedule baseline. Also it is often used as a tracking tool distinguish between

Od Glossary

9791 words - 40 pages about how delivered products or services compare with customer expectations. The process that allows for two-way communication between an employee and a supervisor for the purpose of modifying, correcting, and strengthening employee performance and results.   Fishbone Diagram         A tool used to solve quality problems by brainstorming causes and logically organizing them by branches. Also called the Cause & Effect diagram and Ishikawa

Migration Management

328 words - 2 pages Migration management: an approach for improving strategy implementation [[missing key: loadingAnimation]] The full text may take 40-60 seconds to translate; larger documents may take longer. Cancel Migration management employs two core perspectives to achieve better strategy implementation - a future state description that considers identity and a migration path charts action. With the intermediate future state and the overall migration


580 words - 3 pages provided Bob with his new library card, and a login and password to his account. • Bob wanted to borrow two novels by C.S. Lewis, but he couldn’t remember their names. He used one of the computers at the library to search for the books by using the author's name. He found the titles he wanted, which were “The Chronicles of Narnia” and "The Space Trilogy". The first book was shown as available, and the second book was shown as out on loan. • Using

Information Technology

2817 words - 12 pages years | 40% | 5-7 years | 30% | 8-10 years | 20% | Over 10 year | 10% | 2. In another area of the worksheet, generate the following information from the table: * List of New cars (less than two years) with No antitheft devices installed * List of Female drivers * List of Vehicle comprehensively insured . Save as Task B Print this worksheet. Include printouts showing ALL formulae. TASK C 1. On a new

Related Essays

Kek Lapis Essay

1582 words - 7 pages problems are most important using data, not perceptions.   FIELD OF APPLICATION Pareto diagrams could be applied in:  designing of medical processes in order to identify errors, faults, incidents or in the construction of a system that reduces the risk of medical care. analyzing performance data in health organizations.  RELATED TOOLS Fishbone diagram, Scatter Diagram, Run Charts, Flow Charts DESCRIPTION The Pareto diagram

Corporate Entrepreneurship For Dummies – Discussion

292 words - 2 pages Review Questions Contrast the following terms: a) Critical path scheduling, Gantt network diagramming, slack time Network diagramming is a critical path scheduling technique whose sequence of task activities directly affect the completion date of a project. A major strength for network diagramming is its ability to represent how completion dates can vary for activates or task and is more used that Gantt Charts. Gantt charts visually

Project 1 Essay

425 words - 2 pages system revolutionized its industrial sector. However, He did not become well known in the U.S. until they discovered of his fishbone diagram in which he designed to be used in the analysis of the industrial process. ‘He believed that quality improvement must be companywide in order to be successful and sustainable.” He focused on statistical quality control techniques, continued customer service, and led the concept and use of quality Circles. Dr

Ishikawa Research Paper

841 words - 4 pages university in the late 1940’s. By the early 1960’s, he held an executive position at the Union of Japanese Scientists and Engineers (JUSE). During his lifetime Ishikawa received various awards and wrote numerous articles and over 30 books. However his two most significant literary works are: “Guide to Quality Control” which was released in 1976. And his second and most notable book “What is Quality Control: The Japanese Way” was released in 1985