In the Circular Flow Diagram, Aggregate Expenditure Includes

question 47

Multiple Choice

In the circular flow diagram, aggregate expenditure includes

• A)consumption expenditure, investment, government expenditure and net exports.
• B)consumption expenditure, saving, investment and net exports.
• C)consumption expenditure, saving, government expenditure and net exports.
• D)consumption expenditure, saving, investment and government expenditure.

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Definitions:

Economic Duress

A condition in which one is forced to engage in a financial transaction due to threats or pressures, rendering the agreement involuntary.

Irrevocable Offer

An offer that cannot be withdrawn or canceled by the offeror for a specified period, assuming the offeree has given some consideration in exchange for the offer's irrevocability.

Merchant

An individual or entity engaging in the selling of goods or services professionally or commercially.

UCC

Uniform Commercial Code, a comprehensive set of laws governing all commercial transactions in the United States, intended to standardize and simplify the law.