10.1 The Circular Flow of Income
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5 Terms
1
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What do households supply to firms in the circular flow of income
Households supply factors of production such as labour and capital
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What do firms provide to households in exchange for factors of production
Wages, dividends, and goods and services
3
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What are injections in the circular flow of income
Injections are additions to the economy, including government spending, investment, and exports
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What are withdrawals in the circular flow of income
Withdrawals are leakages from the economy, such as taxes, savings, and imports
5
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Draw the Circular Flow of Income
