Circular Flow: A Simple Model of the Economy

By Debaere, Peter

This note discusses circular flow. With a simple model, it is shown how changes in the components of expenditures affect overall income. The analysis is both graphical and algebraic.

Collection: Darden University of Virginia (USA)

Ref: DARDEN-G-0596-E

Format: PDF

Number of pages: 7

Publication Date: Oct 8, 2007

Language: English

Review date: Aug 19, 2009

Description

This note discusses circular flow. With a simple model, it is shown how changes in the components of expenditures affect overall income. The analysis is both graphical and algebraic.

Circular Flow: A Simple Model of the Economy

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Circular Flow: A Simple Model of the Economy

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Circular Flow: A Simple Model of the Economy

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