Please enable JavaScript.
Coggle requires JavaScript to display documents.
National income and injection and withdrawals (Injection (Exports,…
National income and injection and withdrawals
National income
Value of income paid to households by firms
e.g wages/salaries
National expenditure
Value of spending by households and firms on good and services
National output
Value of goods and services sold to households
Circular flow of income
Economic model showing the flow of goods and services and payments between households and firms in an economy
Injection
Exports
Government spending
Something that goes into the economy
Investment
Withdrawals
Taxes
Savings
Something that leaves the economy
Imports