Macro Economics Flashcards

Beschreibung

GCSE Graphic Products Karteikarten am Macro Economics Flashcards, erstellt von Alex Naylor am 20/10/2016.
Alex Naylor
Karteikarten von Alex Naylor, aktualisiert more than 1 year ago
Alex Naylor
Erstellt von Alex Naylor vor fast 8 Jahre
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Zusammenfassung der Ressource

Frage Antworten
When is an economy in equilibrium? Rate of injections = Rate of withdrawals
What is a trade surplus When a country's exports > the value of imports. This is a net injection into the circular flow.
What is a trade deficit? When a country's exports < the value of imports. This is a net leakage from the circular flow.
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