national income - cicular flow of income
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10 Terms
1
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draw circluar flow of income
2
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what is income
a flow of money
3
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what is wealth
the value of stock or assets
4
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what are the injection
GIX
government spending
investment
eXports on
5
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what are the withdrawls
SMT
saving
imports
taxation
6
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what is mpc
the proportional of additional income spent in the economy
7
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what is mpm
the proportion of additional income spent on imports
8
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what is mps
the proportion of additional income that is savedq
9
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what is mpt
the proportion of additional income that is paid to the government as tax
10
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what is mpw
the proportion of additional income that is leaving the circular flow
Note 
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