In the Circular Flow Diagram, Aggregate Expenditure Includes the Sum

question 187

Multiple Choice

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

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

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Definitions:

Pierre Bourdieu

A French sociologist and public intellectual known for his theories on habitus, cultural capital, and the social structures of society.

Constructivism

A theory in education and sociology that knowledge is constructed by learners as they engage with the world around them, emphasizing active learning.

Structuralism

A theoretical perspective that emphasizes the importance of underlying structures in understanding human culture, society, and psychology.

Structuration Theory

A concept in social science that outlines how societal structures are both constituted by human agency and yet at the same time are the very medium of this constitution.