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Economics Theme 2 > 2.4.1- National Income > Flashcards

2.4.1- National Income Flashcards

1
Q

What is income?

A

The flow of money that goes to the factors of production

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2
Q

What is wealth?

A

Stock of assets

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3
Q

What are injections?

A

Monetary additions to the economy

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4
Q

What are examples of injections?

A

Gov spending, investment, exports

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5
Q

What are leakages?

A

Where money is removed from the economy

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6
Q

What are examples of leakages?

A

Taxes, savings, imports

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Economics Theme 2 (21 decks)

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