econ quiz #2
kentucky79
Tucker.Ch15A_LECTURE_SLIDES_EFT_9e.ppt*
Appendix to Chapter 15
A Four-Sector Circular Flow Model
Lecture Slides
Economics for Today
Irvin B. Tucker
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What will I learn in this appendix?
- To put all the pieces together with a more complex circular flow model
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What leakages are present in the more complex model?
- Household saving
- Household taxes paid
- Income spent on imports
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What injections are present in the more complex model?
- Business spending
- Government spending
- Foreign spending
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What point is the economy tending toward?
- Where the dollar value of leakages equals the dollar value of injections
© 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
The Circular Flow Model
of an Open Economy
© 2017 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
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