Macroequillbrium, leakages, injections 1 (J) done Flashcards
1
Q
macroeconomics
A
the branch of economics concerned with large-scale or general economic factors
2
Q
AD =
A
C + I + G + (X-M)
3
Q
C:
A
consumption
4
Q
I:
A
investment
5
Q
G:
A
government
6
Q
X:
A
exports
7
Q
M:
A
imports
8
Q
Y:
A
Income
9
Q
total output=
A
total income = total expenditure
10
Q
4 resources
A
land (rent)
labour (wages)
capital (interest)
enterprise (profit)
11
Q
Y=
A
C + I + Gs
12
Q
Leakages=
A
savings + taxation + imports
13
Q
Injections=
A
investment + government + exports
14
Q
If leakages are more than injections, income
A
falls
15
Q
If leakages are less than injections, income
A
rises