(Solved): 6. The clrcular-flow model The folowing diagram presents a circular-fiow model of a simple economy, ...

6. The clrcular-flow model The folowing diagram presents a circular-fiow model of a simple economy, The outer set of arrows (shown in green) shows the fiaw of dellars, and the inner set of arrows (shown in red) shews the corresponding flow of inputs and outputs. Based on this model, howeholos earn income when purchase Suppose Eleanor earfs se00 per nesk working as a math tucor for A-Plus Tutoing. she uses ss to have a chink at Barrys Bar. Bamy) 8ar pays. Darnail s325. per week to wark as a bartender. Darmell uses $$\$200$$ to purchase tusoning services from A-Pus Tutseing. Based on this model, households earn income when purchase in factor markets. Suppose Eleanor earns $$\$600$$ per week working as a math tutor for A-Plus Tutoring. She uses $$\$8$$ to have a drink at. Barry's Bar. Barry's Bar pays Darnell $$\$325$$ per week to work as a bartender. Darnell uses $$\$200$$ to purchase tutoring services from A-Plus Tutoring. Identify whether aach of the following events in this scenario occurs in the factor market or the product market. Which of the elements of this scenario represent a flow from a firm to a household? This could be a flow of dollars, inputs, or outputs. Check air that apply. Fleanor's labor The $$\$200$$ Darinell spends to purctiase tutoring services frem A.Plus Tutoring The cocktail Eleanor receives The $$\$325$$ per week Dameil earns working for farry's Bar