circular flow of income✅

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4 Terms

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How does an economy work

Circular flow of income

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Circular flow of income

Model showing how money moves through an economy between households and firms

<p>Model showing how money moves through an economy between households and firms</p>
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3 injections into an economy

  1. Government expenditure (G)

  2. Exports (X)

  3. Investment (I)

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3 leakages out of an economy

  1. Taxes (T)

  2. Imports (M)

  3. Savings (S)