AQA, Economics, AS Level, ECON2, National, Economy, Aquinas,

1. ECON2
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Circular Flow of Income
Answer all the questions below
1. Explain the term economic model
2. Between Producers and Consumers draw a basic Circular Flow of
Income
3. Explain why money can be described as flowing in a circular fashion
4. What is meant by an injection?
5. Draw a circular flow diagram to indicate and injection into the
circular flow
6. Explain an leakage/withdrawal from the Circular flow
7. Illustrate the concept of a leakage in the Circular flow
8. Explain the multiplier effect