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Circular Flow Of Income Model
Beginning of paper
The demonstrates the important relationships between sectors in the Australian economy. It can also be useful for understanding and explaining current conditions of these sections. It is a useful tool in evaluating the government budget and areas of spending to keep the economy stable.
The is made up of five sectors. These include the
household, ....
Middle of paper
....a slight slump. The household sector is reluctant to buy goods at the cirrent point in time. The income they are recieving is lower than what it has been, which would explain the drop in consumption. There has also been a noticable drop in the amount the sector has been saving. I have based my annalysis for this sector on comments from The Economic.... |
| Word count: 867 |
Page count: 4 |
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