2.4.2 Injections and withdrawls

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4 Terms

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INJECTIONS

  • monetary additions to economy:

    • government spending (G)

    • investment (I)

    • exports (X)

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WITHDRAWLS

  • where money is removed from economy:

    • taxes (T)

    • savings (S)

    • imports (M)

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INJECTIONS AND WITHDRAWLS

  • if injections>withdrawals, then the economy will be growing whilst if injections<withdrawals, it will be shrinking

  • in an equilibrium, injections=withdrawals and so national income remains the same

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