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A-Level Economics
Macro
Circular Flow of Income
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Cards (6)
Income
Measures the flow of
money
a money or economy recieves each year.
Wealth
The sum of all your
assets
added up
National Income
=
National Expenditure
=
National Output
Leakages
Savings
Imports
Taxes
Injections
Exports
Investment
Government Spending
Real GDP
The total value of goods and services within a country adjusted to
inflation
.