Question 16
Question 16 of 30

Question image for Q16
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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

full employment level of national income and equilibrium level of national income: inflationary and deflationary gaps

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