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Loginuse graphs and mathematical models to explain the relationship between leakages and withdrawals in an economy
Sociology Secondary School in Sociology 3 years ago
Answer:
Adding Up the Factors
The circular flow of income for a nation is said to be balanced when WITHDRAWALS EQUAL injections. That is: The LEVEL of injections is the sum of government spending (G), exports (X), and investments (I). The level of leakage or withdrawals is the sum of TAXATION (T), imports (M), and savings (S).
EXP :
Leakages reduce the flow of income. Injection means introduction of income into the flow. When HOUSEHOLDS and firms borrow savings, they constitute injections. Injections increase the flow of income.
Posted on 25 Nov 2021, this text provides information on Sociology related to Secondary School in Sociology. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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