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Major Sectors and Flows (LU1): PMAC5112 - Crosswalk

Crossword Puzzle

Played 6 %Accuracy 67 Average time 04:43

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Key terms and application clues for Learning Unit 1

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South Africa

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Major Sectors and Flows (LU1): PMAC5112 - Crosswalk
 

Crossword Puzzle

Major Sectors and Flows (LU1): PMAC5112 - CrosswalkOnline version

Key terms and application clues for Learning Unit 1

by Marius Masoga
1

A model showing how spending and income circulate among households, firms, government, and the rest of the world.

2

A variable measured at a particular point in time, such as wealth.

3

Payments received by households for supplying factors of production.

4

Creation of goods and services within an economy over a period.

5

Spending by businesses on capital goods such as machinery and equipment.

6

Domestically produced goods and services sold to buyers abroad.

7

Goods and services purchased from foreign producers.

8

Mandatory payments to the government that influence economic activity.

9

The sector that produces goods and services in the economy.

10

Money withdrawn from the circular flow through saving, taxes and imports.

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