Because of the Circular Flows of Expenditure and Income in the Economy,total

question 259

Multiple Choice

Because of the circular flows of expenditure and income in the economy,total ________ equals total ________ equals total ________.

• A)expenditure;investment;income
• B)expenditure;income;value of production
• C)consumption;expenditure;value of production
• D)investment;income;consumption
• E)consumption;investment;expenditure

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Definitions:

General Merchandise Stores

Retail establishments that sell a wide variety of goods across different categories, including clothing, household items, and groceries.

Wide Range

A broad variety of options or products available in a specific category, offering extensive selection to consumers.

Scrambled Merchandising

A retailing practice where stores carry a wide variety of product lines, often unrelated, to attract a broader customer base.

Hypermarkets

Large retail stores that combine a supermarket and a department store, offering a wide range of food and non-food items under one roof.