Economics | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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A simplified circular flow model

Equilibrium income in a two-sector economy

A rise in investment in a two-sector economy

Imports sign (1 char)

M

What is value added?

The difference between the price a firm pays for the goods and services it buys from other firms and the price it sells its product for.

Investment sign (1 char)

I

List all leakages

Import, taxation, saving

Impact of a rise in taxation on equilibrium income in a four-sector economy

Equilibrium income in a four-sector economy

What is the Gini coefficient?

It is a numerical measure of the extent of income inequality in an economy.

What are the methods of measuring GDP?

output method, income method, expenditure method.

Give economic reason for inequality of income or wealth

poor infrastructure, poor vocational training, lack of employment opportunities, low rate of savings

Government spending sign (1 char)

G

Taxation sign (1 char)

T

List all injections.

investment, government spending, exports

Exports sign (1 char)

X

Saving sign (1 char)

S