Four sector model studies the circular flow in an open economy which comprises of the household sector, business sector, government sector, and foreign sector. The foreign sector has an important role in the economy.
There are two common ways to add notes to a flowchart. Text boxes are often used to label the connectors coming out of decisions. Callouts are commonly used to add side comments, with their shape indicating that they are not a process step. Both can be added via the Insert Shapes gallery.
Formatting the Flowchart There are so many formatting options in Excel, that it's too much to cover in a single article.
The sections below show how to do basic shape and line formatting. There is a special dialog worth mentioning. If you right-click on a shape and select Format Shape from the context menu, the format dialog will display and let you make changes to a wide Formatting Shapes When one or more shapes is selected, the Format tab displays the style gallery shown below.
Note that the styles changed in Excel The shape styles are set by their theme number, so if you use one of the purple styles in Excelfor example, and then open it in Excel or Excelit will display with the new orange theme. If you are sharing the document with Excel users, note that the last row of styles will not render well in Excel If you are sharing the file with Excel users i.
As with the shape styles, new line styles were also introduced in Excel Excel - lines are thinner and have no drop shadow.
This is a good thing because the thicker lines and shadows were known to cause screen and print rendering problems. Select the shape then set the font and font size on the Home tab.
Other Formatting Tips You can also use the Format Painter tool on the Home tab to quickly copy a format from one shape to another. The Shape Fill dropdown lets you apply different fill colors and gradients and also allows you to insert a picture as a shape's background.
The Shape Outline lets you change the line color, thickness, dash style, and arrow heads. The Shape Effects dropdown has a number of stylistics effects you can apply such as Shadow, Glow, Reflection, and more.
Editing the Flowchart This section covers editing guidelines that are specific to Excel only. For more tips that apply to all versions of Excel, scroll down to the Editing Excel Flowcharts section. Selecting Shapes The simplest way to select a single shape is to click on the border.
You can select multiple shapes by holding the Ctrl key as you click. Once a shape is selected, you can toggle through the shape selections using the Tab key.
Starting with Excelthere is also a Selection Pane tool, accessible from the Format tab of the ribbon. The Selection Pane lists all the shapes by their names, not their text, so it isn't all that useful.
Aligning the Flowchart If you created a grid and used Snap to Grid, hopefully you won't need to align any shapes after the fact, but in case you do, the Format ribbon tab has several features that are supposed to make this easier.One of the main basic models taught in economics is the circular-flow model, which describes the flow of money and products throughout the economy in a very simplified way.
The model represents all of the actors in an economy as either households or firms (companies), and it . Aug 14, · Dia Diagram Editor is free Open Source drawing software for Windows, Mac OS X and Linux.
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Problem 1: Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods and services and flow of RM in each of the following activity Problem 4: An economy consist of three workers: Latif, Muthu and Choo beng.
Circular flow of income in a four-sector economy consists of households, firms, government and foreign sector.
Firms receive revenue from households, government and the foreign sector for sale of their goods and services. Firms also receive subsidies from the government. Government receives revenue. The following Circular Flow Diagram is included in our Circular Diagram Software.
With the shapes, you can draw Circular Flow Diagram readily from built-in examples and templates! With the shapes, you can draw Circular Flow Diagram readily from built-in examples and templates!