Sample 3

IB Economics: Sample 3

Part (a)Relative size of injections and leakages determine changes to the size of the circular flow of national income. Economical definition of leakages is the outflow of money from a circular flow of income model. The definition of injections is. Economical definition of injection is money entering the circular flow. Circular flow can be defined as the continuing transfer of money, goods and services among consumers...

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