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Q.2.1.4 Identify two injection flows that are illustrated in this flow diagram. Q.2.1.5 From the information in Figure 1, identify whether this economy is experiencing a budget deficit or a budget surplus. Support your answer with information from the model.

Q.2.1.4 Identify two injection flows that are illustrated in this flow diagram. Q.2.1.5 From the information in Figure 1, identify whether this economy is experiencing a budget deficit or a budget surplus. Support your answer with information from the model.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Refer to figure 1 which shows the income flows(Rm) in the economic circular flow model for a small economy. 

Q.2.1.4 Identify two injection flows that are illustrated in this flow diagram. Q.2.1.5 From the information in Figure 1, identify whether this economy is experiencing a budget deficit or a budget surplus. Support your answer with information from the model.
Transcribed Image Text:Q.2.1.4 Identify two injection flows that are illustrated in this flow diagram. Q.2.1.5 From the information in Figure 1, identify whether this economy is experiencing a budget deficit or a budget surplus. Support your answer with information from the model.
Figure 1 FIRMS 400m 120m 80m 100m oom R90m GOVERNMENT FINANCIAL FOREIGN SECTOR SECTOR 50m som 220m 100m HOUSEHOLDS
Transcribed Image Text:Figure 1 FIRMS 400m 120m 80m 100m oom R90m GOVERNMENT FINANCIAL FOREIGN SECTOR SECTOR 50m som 220m 100m HOUSEHOLDS
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