Question 23
Question 23 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
5. Government macroeconom...
5.2. Fiscal policy

government spending: types of spending: capital (investment) and current, reasons for government spending

4. The Macroeconomy (AS L...
4.4. Economic growth

distinction between growth in nominal GDP and real GDP

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)