According to the Circular Flow of Income and Output, Saving

question 27

Multiple Choice

According to the circular flow of income and output, saving causes

• A) total output to fall.
• B) consumption expenditures and total output to fall.
• C) consumption expenditures to fall short of total output.
• D) investment spending to fall.

Understand the phases of design thinking and their functions, including ideation and implementation.

Develop keen observation skills and the importance of practice in cultivating these skills.

Identify insights through observation and understanding consumer behavior.

Learn the process of testing ideas through prototypes in the implementation stage.

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Definitions:

Genetic Information

The hereditary information encoded in DNA or, in the case of some viruses, RNA, which determines the biological development and function of an organism.

mRNA

Messenger RNA, a type of RNA that carries the genetic information from DNA in the nucleus to the cytoplasm, where it serves as a template for protein synthesis.

Translated

The process by which the sequence of a messenger RNA (mRNA) molecule is used by the ribosome to assemble amino acids into a polypeptide.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that are similar in shape, size, and gene content, one inherited from each parent.