In the Circular Flow Diagram, Aggregate Expenditure Includes the Sum

question 39

Multiple Choice

In the circular flow diagram, aggregate expenditure includes the sum of

• A)consumption, investment and saving.
• B)income and saving.
• C)consumption and investment.
• D)saving and investment.

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Definitions:

Uber

A platform and service that connects passengers with drivers for hire via a mobile app, often considered a pioneer in the ride-sharing industry.

Debit Card

A payment card that deducts money directly from a consumer’s checking account to pay for a purchase.

Credit Card

A plastic card issued by financial institutions that allows individuals to borrow funds at the point of sale, subject to repayment terms.

Bookmark Feature

A function that allows users to save and store links to specific web pages or locations for easy access later.