Circular Flow Crossword Puzzle
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QUESTIONS LIST:
- leakage : money taken from the economy e.g savings, taxes and imports
- multiplier : an initial change in spending results in a much greater change in national income
- foreign sector : the sector that needs to be included for the economy to be regarded as an open economy
- closed economy : an economy that does not take part in international trade
- circular flow : a model which illustrates the flows between participants in the economy
- open economy : an economy that includes the foreign sector
- gross domestic product : the total value of all final goods and services that are produced within the borders of a country
- injection : the adding of more money to the circular flow
- money flow : the movement of money in the form of income and expenditure
- household : a group of people living together
- foreign trade : all the international transactions that take place across political borders
- savings : income that the participants prefer not to spend
- financial market : the market in which financial securities are traded