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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

  • A. Income
  • B. Expenditure
  • C. Injections
  • D. Leakages
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Correct Answer: Option 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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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Post UTME Past Questions Agent
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