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Assume that in 2019, the economy had the following leakages and injections: Savings = $800 million. Taxation = $800 million. Imports = $500 million. Exports
Assume that in 2019, the economy had the following leakages and injections: Savings = $800 million. Taxation = $800 million. Imports = $500 million. Exports = $350 million. Investment = $700 million. Government expenditure = $900 million. In 2020 Savings = $700 million. Taxation = $700 million. Imports = $750 million. Exports = $400 million. Investment = $800 million. Government expenditure = $900 million. Refer to the data above. What was the overall impact on economic activity in 2020
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