Question 21
Question 21 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
4. The Macroeconomy (AS L...
4.2. Introduction to the circular f...

circular flow of income in a closed economy and an open economy: the flow of income between households, firms and government and the international economy

9. The macroeconomy (A Le...
9.1. The circular flow of income

components of Aggregate Demand (AD) and their determinants: consumption function: autonomous and induced consumer expenditure, savings function: autonomous and induced savings, autonomous and induced investment; the accelerator, government spending, net exports (exports minus imports)