Factors Effecting Development - Credit

Withdrawals are items that take money out of the circular flow, including (a)   , Imports, and Taxes.

What type of economy is represented by the simple economic model described in the passage?

• Open economy

• Mixed economy

• Command economy

• Closed economy

Injections are spending that puts money into the circular flow of income, including Investment, Exports, and Government (a)  

What additional components are added to the circular flow of income diagram in the real world?

What are the two principal components of the economy in the very basic model?

• Government and Banks

• Firms and Government

• Households and Banks

• Firms and Households

What are the three different ways that National Income is calculated in the circular flow of income?

• National Output

• National Income

• National Expenditure

• Gross Domestic Product

What does the circular flow of income diagram model?

• Exchange of goods and services

• Flow of money in the economy

• Interaction between households and firms

• Distribution of income and expenditure

What does IDA stand for

(a)  

How can increased contributions to IDA prevent cuts in financing that could jeopardize the health and wellbeing of millions of people?

A strong IDA replenishment will help prove to leaders of poor countries that global co-operation is a substantive promise, not a convenient slogan, and unlock opportunities for people to reach their (a)   potential.