Question

There are three important equations that come out of the circular flow model. They come from looking at flows into and out of households, firms, and if you choose to think of it this way, financial markets.
I. What equation is related to flows into and out of households? Explain which components are flows in and which are flows out.
II. What equation is related to flows into and out of firms? Explain which components are flows in and which are flows out.
III. What equation is related to flows into and out of financial intermediaries? Explain which component