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Circular flow of income

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Question 5

The diagram shows the circular flow of income for an open economy with a government sector.

Circular Flow of Income

Which of the following correctly describes what is represented by arrows W W\,W and JJJ?

WWW represents leakages (Savings, Taxation, and Imports); JJJ represents injections (Investment, Government Spending, and Exports)

WWW represents injections (Investment, Government Spending, and Exports); JJJ represents leakages (Savings, Taxation, and Imports)

WWW represents leakages (Savings, Government Spending, and Imports); JJJ represents injections (Investment, Taxation, and Exports)

WWW represents injections (Investment, Taxation, and Exports); JJJ represents leakages (Savings, Government Spending, and Imports)

Circular flow of income Questions

  1. A Level
  2. /Economics
  3. /Circular flow of income