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10 cards from this deck
Shows relationships between income, expenditure, and output
Households and firms
Income method, expenditure method, output method
Savings (S), taxation (T), imports (M)
Investment (I), government spending (G), exports (X)
Income is a flow; wealth is a stock
Planned expenditure equals planned output
Falling output combined with rising prices
mpw=mps+mpm+mpt\text{mpw} = \text{mps} + \text{mpm} + \text{mpt}mpw=mps+mpm+mpt
1mpw\frac{1}{\text{mpw}}mpw1
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