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Macro Economics Flashcards

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GCSE Graphic Products Fichas sobre Macro Economics Flashcards, creado por Alex Naylor el 20/10/2016.
Alex Naylor
Fichas por Alex Naylor, actualizado hace más de 1 año
Alex Naylor
Creado por Alex Naylor hace casi 8 años
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Pregunta Respuesta
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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