Circular Flow Model

Question 1

C

Answer 1

Consumption Expenditure (g)

Question 2

G

Answer 2

Goverment Expenditure (g)

Question 3

I

Answer 3

Investment Spending/Gross Fixed Capital Formation (g)

Question 4

△R

Answer 4

Change in inventories/stocks (ng)

Question 5

X

Answer 5

Export Receipts (g)

Question 6

M

Answer 6

Import Payments (g)

Question 7

(X-M)

Answer 7

Net Exports (g)

Question 8

SD

Answer 8

Statistical Discrepancy (ng)

Question 9

Income Method names

Answer 9

Compensation of Employees (income) + Gross Operating Surplus (income) + Tax on Production and Imports (indirect tax) - Subsidies (government to firms/subsidies)