Based on the diagram above, the three INJECTIONS in the circular flow are:

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Question restatement: Based on the diagram above, the three INJECTIONS in the circular flow are:

Option 1: Investment, Government Spending, Exports. This corresponds to the standard definition of injections in the circular flow model: spending from investment on capital goods, government spending on goods and services, and spending on a country’s exports bringing money into the domestic economy. This is consistent with the concept that injections add spending to the economy beyond wages and consumption flowing from households.

Option 2: Savings, Taxation, Imports. These are typically considered leakages (or withdrawals) from the circular flow, not injections. Savings divert part of households’ income away from spending, taxes remove spending power from the economy, and imports use spending to purchase goods from abroad, reducing domestic expenditure on domestically produced goods.

Option 3: Investment, Government Spending, Imports. Here, Investment and Government Spending are injections, but Imports are not an injection. Imports represent spending on foreign goods, which withdraws money from domestic production and does not add new spending within the domestic circular flow.

Option 4: Investment, Tax, Exports. Investment and Exports are injections, but Taxes reduce household and business spending, functioning as a leakage. Therefore this combination mixes injections with a leakage, making it inconsistent with the standard categorization of injections.

Option 5: Savings, Government Spending, Exports. Government Spending and Exports are injections, but Savings is a leakage, not an injection. Including Savings here mischaracterizes the source of added spending in the model.

In summary, the only trio that matches the conventional definition of injections in the circular flow (additive spending from within the domestic economy) is Investment, Government Spending, Exports, while all other options mix injections with leakages, leading to incorrect classifications.

BECO011 Week 6 Practice quiz

Based on the diagram above, the three INJECTIONS in the circular flow are:

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BECO011 Week 6 Practice quiz

Based on the diagram above, the three INJECTIONS in the circular flow are:

查看解析

登录即可查看完整答案

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