Refer to the Above Graph for a Private Closed Economy

question 78

Multiple Choice

Refer to the above graph for a private closed economy. The multiplier for the above economy is:

• A) 2
• B) 3
• C) 4
• D) 5

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Definitions:

Boats

Watercraft of various sizes and types designed to travel on, through, or under water, primarily used for transportation, recreation, or sports.

Sharing of Profits

An arrangement where profits earned from a business, investment, or venture are distributed among the stakeholders or partners according to predetermined criteria or an agreed formula.

Photoshoots

involve the process of taking professional photographs, usually of a person, group, or product, often conducted by a photographer in a studio or outdoor location.

Loan Repayment

The act of paying back money previously borrowed from a lender, typically including both the principal and interest.