The Circular Flow of Income Model. The complete model, which depicts the interactions of government, households, and businesses, in addition to leakages (savings, taxes, and imports) and injections (investment, government spending, exports) can be seen below.

 

The Covid-19 pandemic had a significant impact on the circular flow of income within the Canadian economy.

In this question, you are asked to describe the effects of the Covid-19 pandemic on each of the sectors (government, households, and businesses), leakages (savings, taxes, and imports), and injections (investment, government spending, exports) in addition to related fiscal/monetary policies and the effects of each policy.

Aim for 100-150 words per item. Use the template below to organize your response:

Sectors (/15)

Government:

Households:

Businesses:

Leakages (/15)

Savings:

Taxes:

Imports:

Injections (/15)

Investment:

Government spending:

Exports:

Sources /5

Transcribed Image Text:

$ Payment for Exports Businesses Investment Foreign Sector $ Consumption ..... Consumer Goods and services Govt. +-T "TP $ Payment for Imports Financial Intermediaries Households - Factors Services Factor Spending $ Rent, wages, interest, profit Saving $ Payment for Exports Businesses Investment Foreign Sector $ Consumption ..... Consumer Goods and services Govt. +-T "TP $ Payment for Imports Financial Intermediaries Households - Factors Services Factor Spending $ Rent, wages, interest, profit Saving

Answer rating: 100% (QA)

The loss of life during an outbreak has a direct economic consequence in addition to the human trage... View the full answer