Lecture 3 Circular Flow Of Income Flashcards
1
Q
Withdrawals
A
Incomes not passed around the inner flow of the circular model of income
2
Q
G?
A
Injection
3
Q
S
A
Net saving ( withdrawals)
4
Q
M
A
Withdrawal
5
Q
X
A
Injection
6
Q
I
A
Injection
7
Q
T
A
Withdrawal
Net taxation
8
Q
Injections (J)
A
Expenditures on domestic output coming from outside the inner flow other than households