Write a short note on statics, dynamics and comparative statics. Real fl ows include the fl ows of money between the diff erent sectors. In a two sector economy, the national income is equal to the...

Write a short note on statics, dynamics and comparative statics.

Real fl ows include the fl ows of money between the diff erent sectors.

In a two sector economy, the national income is equal to the national expenditure.

Withdrawal is income, which is generated in the production of the national output and which does not become a part

of the circular fl ow of income.