flow of income

?
  • Created by: annii k
  • Created on: 06-02-13 14:54
goods that are sent out of the economy
imports
1 of 7
goods that are sent into an economy
exports
2 of 7
money that is injected into firms by the financial sector
investments
3 of 7
money that the government take from consumers(e.g. a percentage value that is added on top of prices of goods)
taxation
4 of 7
money that is not used to consume goods or services
savings
5 of 7
4 things that are used to produce a good (e.g. labour, enterprise, land or capital)
factors of production
6 of 7
money spent by the government
government spending
7 of 7

Other cards in this set

Card 2

Front

goods that are sent into an economy

Back

exports

Card 3

Front

money that is injected into firms by the financial sector

Back

Preview of the front of card 3

Card 4

Front

money that the government take from consumers(e.g. a percentage value that is added on top of prices of goods)

Back

Preview of the front of card 4

Card 5

Front

money that is not used to consume goods or services

Back

Preview of the front of card 5
View more cards

Comments

Whitney Koranteng

Report

6. and 7 are wrong because the things that out of an economy are an exports and goods that are sent into an economy is an import. Not the other way round  

Similar Economics resources:

See all Economics resources »See all Production and efficiency resources »