Aggregate demand and aggregate supply

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Question 24
Easy

The diagram below illustrates the circular flow of income for an open economy with a government sector.

Circular flow of income

Which of the following correctly identifies the macroeconomic flows represented by WWW, XXX, YYY, and ZZZ?

WWW: Consumer Expenditure; XXX: National Income; YYY: Government Spending, Investment, and Exports; ZZZ: Saving, Taxation, and Imports

WWW: National Income; XXX: Consumer Expenditure; YYY: Saving, Taxation, and Imports; ZZZ: Government Spending, Investment, and Exports

WWW: National Income; XXX: Consumer Expenditure; YYY: Government Spending, Investment, and Exports; ZZZ: Saving, Taxation, and Imports

WWW: Consumer Expenditure; XXX: National Income; YYY: Saving, Taxation, and Imports; ZZZ: Government Spending, Investment, and Exports

Aggregate demand and aggregate supply Questions

  1. A Level
  2. /Economics
  3. /Aggregate demand and aggregate supply