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Makro MIE Nov11

Makro MIE Nov11

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Published by Agostinho G. Ramos

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Published by: Agostinho G. Ramos on Aug 20, 2012
Copyright:Attribution Non-commercial

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01/16/2014

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Ekonomi MakroLanjutan
UPN”Veteran” Yogyakarta 2012
 
 
Circular Flow - Simple Model
Businesses
 
Households
 Goods and ServicesProductive ServicesSpending for Goods and ServicesResource Income
$$$
 
 
$$$
 
 
Circular Flow of Income
The cyclical operation of demand, output,income, and new demand
Leakages
: flows out of circular flow whenresource income is received and not spenddirectly on purchases from domestic firms
Injections
: Added spending in circular flowthat does not come out of current resourceincome

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