Review • Demand • Supply • SCP • Pest • Porter Multiple choice and True/False questions Week 8 The major macroeconomic issues • economic growth • unemployment • inflation Then inner flow, withdrawals and injections Withdrawals • • • • Net saving(S) Net taxes(T) Transfer payments Import expenditure(M) W=S+T+M Injections • • • • Investment (I) Government expenditure(G) Export expenditure(X) J=I+G+X Sloman, J., and Jones, E. (2011) Economics and the Business Environment, 3rd Ed., Harlow…
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