Using the Simple Circular Flow Model, Explain Why the Sum

question 61

Essay

Using the simple circular flow model, explain why the sum of income earned in an economy equals the sum of spending in the economy.

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Definitions:

Awareness

The knowledge or perception of a situation or fact.

Sleep Disorder

A condition that frequently impacts a person's ability to get enough quality sleep, often leading to functional impairment throughout the day.

REM Rebound

Increased amounts of REM sleep after being deprived of REM sleep on earlier nights.

Night Terrors

Relatively rare disorder in which the person experiences extreme fear and screams or runs around during deep sleep without waking fully.