In the circular flow of income model, the outflow variables represent

Economics JAMB 2007

In the circular flow of income model, the outflow variables represent

  • Income
  • Expenditure
  • Injections
  • Leakages checkmark

The correct answer is: D

Explanation

The outflow of income from the Circular Flow Income is called leakages.
Leakages take the form of :
Savings
Taxes
Import

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