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).
About This Topic
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.
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