National Income + Economic Growth 0.0 / 5 ? EconomicsNational IncomeASEdexcel Created by: violasophCreated on: 19-04-16 21:25 The effect on incomes and spending after assets change price wealth effect 1 of 9 Flows into the circular flow of income injections 2 of 9 Flows out of the circular flow of income withdrawals 3 of 9 Measure of how much of any extra pound earned is saved, taxed or spent outside the economy on imports marginal propensity to withdraw 4 of 9 Measure of how much of any extra pound is spent in the economy marginal propensity to consume 5 of 9 An increase in real GDP economic growth 6 of 9 An increase in the capacity in the economy potential economic growth 7 of 9 Economic growth caused by rise in net exports export led growth 8 of 9 Difference between actual GDP and potential GDP. output gap 9 of 9
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