1. What were the total expenditures? What was the total income earned? And finally, what stock of money was used to generate this income flow?
2. Describe the concept of the swiftness (velocity) of money.
3. What is the relationship between production, expenditures, and income?
4. What comes first: production or expenditure? And is it conceivable, for instance, to have income and production, but no expenditures?