Asked by Frasier Williamson on Jul 18, 2024
Verified
Which of the following is an example of an injection into the circular flow of income and expenditure?
A) Consumption
B) Exports
C) Taxes
D) Saving
E) Government borrowing
Injection
An introduction of income into the economy through investment, government spending, or exports.
Circular Flow
A model in economics that depicts how goods and services and money move through the economy between households, businesses, government, and foreign sectors.
- Identify the differences between inputs and outputs in the circular flow of economic activity and how they influence the Gross Domestic Product.
Verified Answer
MD
Myrtha DesronvilJul 19, 2024
Final Answer :
B
Explanation :
Exports are an example of an injection into the circular flow of income and expenditure because they represent an inflow of funds from foreign buyers purchasing domestic goods and services, adding to the domestic economy's income.
Learning Objectives
- Identify the differences between inputs and outputs in the circular flow of economic activity and how they influence the Gross Domestic Product.
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