Natioanl income

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Across
  1. 1. The proportion of extra income that is saved.
  2. 3. The proportion of extra income that is saved, taxed, or imported.
  3. 7. Additions to the circular flow that increase aggregate demand (Investment, Government Spending, Exports).
  4. 8. The point where injections equal withdrawals (J=W).
  5. 10. The proportion of extra income paid in tax.
  6. 12. Income left after taxes and receiving transfer payments.
  7. 13. Actual output is less than potential, often indicating low demand and high unemployment.
  8. 14. GDP plus income earned from overseas investments/remittances.
  9. 15. Actual output is greater than potential output, often leading to inflationary pressures.
Down
  1. 1. An initial injection into the economy causes a more than proportionate increase in national income.
  2. 2. The total value of goods and services produced in an economy over a period of time.
  3. 3. The proportion of extra income spent on imports.
  4. 4. Money taken out of the circular flow, reducing aggregate demand (Savings, Taxation, Imports).
  5. 5. Spending by households on goods and services.
  6. 6. Total spending on an economy's goods and services.
  7. 9. Spending by firms on capital goods.
  8. 11. The proportion of extra income that is spent.