Using the outline below, draw a circular-flow diagram representing the interactions between households and firms in a simple economy. Explain briefly the various parts of the diagram. 
Definitions:
Heuristic Prognostications
Forecasting or predictions made based on educated guesses or experiential rules rather than formal methods.
Trade Association Experts
Individuals with extensive knowledge and expertise in a specific industry, often connected to trade associations that represent the interests of companies in that sector.
Direct Forecast
predicts future trends or behaviors directly from past and present data without the use of intervening variables.
Indirect Forecast
A forecasting method that uses related indicators or market conditions, rather than direct measures, to predict future trends or demands.
Q93: Refer to Table 3-21. Assume that Jamaica
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Q620: Refer to Figure 2-6. If this economy