Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods & services & the flow of dollars for each of the following activities.
a) Sam pays a store keeper $1 for a quart of milk
b) Sally earns $4.50per hour working at a fast food resturant
c) Serena spends $7 to see a movie
d) Stuart earns $10,000 from his 10percent ownership of Acme Industrial