circular flow 5 sector model
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16 Terms
1
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household to firms (money)
expenditure
2
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households to firms (real)
labour
3
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firms to household (money)
wages
4
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firms to household (real)
goods and services
5
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financial to household
interest
6
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household to financial
savings
7
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financial to firms
business loans
8
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firms to financial
interest
9
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household to govt (money)
GST, PAYE, goods and services taxation
10
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govt to household (real)
public services
11
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govt to firms
subsides
12
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firms to govt
business taxation
13
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firms to overseas (real)
exports
14
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overseas to firms (real)
imports
15
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firms to overseas (money)
payment
16
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overseas to firms (money)
payment
Note 
Flashcards (51)