Question 17
Question 17 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
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)

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