Income Flow Chart

Hopefully it can be of some help to people that may not be as financially savvy or people that haven t had a strong background in finance. Use this flowchart template to get started building your own.

Personal Income Spending Flowchart Flow Chart Finance Personal Finance

This circular flow of income also shows the three different ways that national income is calculated.

Income flow chart. The circular flow of income for a nation is said to be balanced when withdrawal equals injections. You can edit this flowchart using creately diagramming tool and include in your report presentation website. Profit dividends income wages rent this is the total income received by people in the economy.

The total value of output produced by firms. A flowchart showing income tax. Flowcharts are used to show a process or workflow including a decision making process.

Click use this template to start. The level of injections is the sum of government spending g exports x and. Customize the flowchart to reflect your own process.

For example firms have to pay workers to produce the output. Recently came across a pretty useful personal income spending flowchart that was created a couple years back from a reddit user credit attached at bottom of image. This is a simple flowchart example that shows the process of calculating profit and loss.

Figured this may be useful place to keep the flowchart around for an easy reference.

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