Week 1-Discussion 1-Circular Flow Diagram To first explain how the circular flow diagram relates to the current economic situation‚ one must realize that the two‚ three‚ and four sector models no longer apply to the United States any more. Only the five sector model currently applies. The five sector model of the circular flow of income is a more realistic representation of the economy and has a more definitive look as to what and how economics really is in the world. In the more simplistic two
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Draw and label the circular flow model and use it to answer the following: [pic] The circular flow can be explained very easily with a simple formula. GDP (gross domestic product) = C + I + G + X – Z= = C + S +T – B In here C is the consumption‚ I is investments‚ G – government spending‚ S – savings. On the other hand X is export‚ Z is imports T is for taxes and B is the benefits. The circulars flow shows the way how real recourses and payments flow between organizations/firms and
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CHAPTER 3 LOAD FLOW ANALYSIS [CONTENTS: Review of solution of equations‚ direct and iterative methods‚ classification of buses‚ importance of slack bus and YBUS based analysis‚ constraints involved‚ load flow equations‚ GS method: algorithms for finding the unknowns‚ concept of acceleration of convergence‚ NR method- algorithms for finding the unknowns‚ tap changing transformers‚ Fast decoupled load flow‚ illustrative examples] REVIEW OF NUMERICAL SOLUTION OF EQUATIONS The numerical analysis
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Network Flows Case Study MTH221 University of Phoenix February 23‚ 2014 Network Flows Case Study The following is a series of case studies on Network Flows. Network flows can be representative of many types of systems. Whether the network is used to transmit data from computer to computer or server to server‚ transfer goods across the county‚ or deliver liquid flows to the desired location‚ networks must be studied to find the most efficient path for the given media
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CASH CROPS OF PAKISTAN INTRODUCTION Rice is the most important cereal grown globally and the major staple food for about half of the world population‚ providing 23% of the worldwide calorie intake. Around 600 million tons of rice is produced globally each year. With in the next 20 years‚ this production needs to increase by 20 to 30% to satisfy the demand of an expanding population in Asia‚ Africa and Latin America. Hybrid rice is expected to play a major role in breaking the
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INTRODUCTION to E-cash payment system With the onset of the Information Age‚ our nation is becoming increasingly dependent upon network communications. Computer-based technology is significantly impacting our ability to access‚ store‚ and distribute information. Among the most important uses of this technology is electronic commerce: performing financial transactions via electronic information exchanged over telecommunications lines. Most electronic commerce involves the exchange of money for
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Circular Flow of Economic Activity (Four Sector Model) Introduction To analyze an economy as a whole economists developed different models. The significance of these economic models enable us to understand the economic activities more vividly. For this purpose an economy can be classified in to four major sector. Which includes households‚ firms‚ government and foreign sector or external sector. There is a simple model which constitute two sectors‚ that is households and firms. Its working can be
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“Kids for Cash” Summary The video consists of three parts and reviews a documentary Kids for Cash directed by Robert May. It describes a loud scandal in the Juvenile justice system; two Pennsylvanian judges Mark Ciavarella and Michael Conahan cooperated with representatives of private institutions for underage criminals. They got around 2.5 million dollars for sending thousands of children to specific prisons. The video focuses on interviews with several victims of the criminal conspiracy. Hillary
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Abrasive flow machining 1. Introduction Abrasive flow machining (AFM) was firstly developed fifty years ago by Extrude Hone Corporation‚ USA. By using the liquid viscoelastic material with easy flowability made of polymer and abrasive grains‚ AFM can be used to polish‚ deburr and radius for the workpiece. There are three kinds of AFM: one-way AFM‚ two-way AFM and orbital AFM [1]. In this case to manufacture the cylinder heads‚ consider of two-way AFM is much more widely used and its technology
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Accounting for Managers Identify the differences between a cash flow statement and a profit and loss account. Which statement gives a better view of organisational performance? Fully explain your choice. There is undoubtedly‚ a clear difference between what is termed “cash” and what “profit” is and by extension a cash flow statement and a profit and loss statements. Notwithstanding these differences‚ each statement gives a different yet important view of organisational performance. Cash
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