Government and Trade in the Money Flow
Expanding the simple money flow model to include the role of government (taxes, spending) and international trade (imports, exports).
Key Questions
- How does the government get money and what does it spend it on?
- How do buying goods from other countries (imports) and selling goods to other countries (exports) affect our economy?
- Discuss how government and trade influence the overall flow of money in Singapore.
MOE Syllabus Outcomes
Suggested Methodologies
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