In the circular flow model, what are the uses of income?
A) taxes, consumption expenditures, and savings
B) investments, consumption expenditures, and imports
C) taxes, investments, and imports
D) consumption expenditures, savings, and investments
Correct Answer:
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Q1: How does saving relate to investment in
Q2: Total savings equals:
A) consumption minus net exports.
B)
Q4: Using the GDP equation to derive national
Q5: What is dissaving?
A) government saving
B) reduction in
Q6: The savings equals investment relationship applies:
A) to
Q7: Depreciation of capital refers to the:
A) wearing
Q8: Countries with higher rates of investment tend
Q9: How do higher savings rates contribute to
Q10: The very small loans that are made
Q11: (Table 1: Macroeconomic Data for Econia)
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