Which of the following statements is true regarding leakages and injections?
a. Government transfer payments must equal taxes because one is a leakage and the other is an injection
b. Imports must equal exports since both are leakages.
c. Government purchases, investment, and exports are leakages from the circular flow of income and expenditure.
d. Savings and net taxes are leakages from the circular flow of income and expenditure.
e. Net taxes are an injection into the circular flow, while exports are a leakage.
d
Economics
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Income inequality increases as the Gini coefficient approaches 1
Indicate whether the statement is true or false
Economics
The duration of the "short-run"
A) is one year. B) is the same for all goods. C) depends on the relative short-run elasticity of demand and supply for the good. D) depends on how long it takes consumers or firms to adjust for a particular good.
Economics