This Is an Exercise in Model Building,based on the Idea

question 11

Essay

This is an exercise in model building,based on the idea that one better understands the concept of models when faced with the task of making them.
a.Construct a block diagram showing how different levels of governments interact with taxpayers and with each other in a federal state like Canada.Indicate with arrows what they exchange with each other.Identify the main elements of your model.
b.Describe your model in a few sentences.
c.What makes your description to be a model,instead of an accurate picture of the Canadian economy
d.What purpose can your model serve,or is there anything that this model helped you understand

---

Definitions:

Variance

A measure of dispersion that indicates how much a set of numbers spreads out around their mean value.

Intuitively Pleasing

Describes concepts or items that are satisfying or easy to understand without the need for deep analysis or study.

Beta Stocks

Beta stocks refer to shares of companies with a higher volatility compared to the overall market, indicating higher risk and potentially higher returns.

Investment Strategy

A set plan of action designed to achieve long-term financial goals, involving the selection of various financial assets for investment.