INSTRUCTIONAL MATERIAL FOR ECOIN 30023 MACROECONOMICS Fill-in Questions and Identification Injections in the income-expenditures stream equal the leakages from the income stream. For an open-economy, 1. 2 3 are all uses of income that subtract from potential consumption but 4 5 and 6 are injections into the income-expenditures stream. Identification 7. Exists when the equilibrium domestic output is greater than the full-employment real domestic output. 8. An economy that does not interact with economies in the world. 9. A variable is said to be _when it is determined outside the model and assumed to be independent of income. 10. A negative budget surplus or an excess of expenditure over revenue