Total expenditure in an economy is equal to consumption, plus savings, plus government purchases, plus imports.
Correct Answer:
Verified
Q62: There is a negative relationship between aggregate
Q63: In the circular flow model, households offer
Q64: Both in the early 2000s and in
Q65: An Indian buying a British car is
Q66: The level of total expenditure in an
Q68: Inflation is the average level of prices
Q69: A decrease in investment by firms will
Q70: Household savings is an example of a
Q71: Leakages in the circular flow of income
Q72: In the early 2000s in the UK,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents