Examlex
In the circular flow model, which of the following is considered a leakage?
Consumption
The action of using goods and services to satisfy needs or wants.
Consumption
The act of using goods and services by households, which is a primary component in measuring gross domestic product (GDP) in economics.
Consumer's Surplus
The disparity between what consumers are prepared and can afford to spend on a product or service and the actual amount they end up paying.
Total Amount
The complete sum or quantity of something, encompassing all parts or units counted.
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