Page 154 - Macroeconomics. book docx_Neat

A. Revenue > Expenditure

B. Revenue = Expenditure

C. Expenditure > Revenue

D. Taxes are zero

9. Circular flow explains:

A. Inflation

B. Income movement

C. Population growth

D. Unemployment

10. Investment multiplier shows:

A. Inflation effect

B. Income expansion

C. Tax effect

D. Export growth

11. National income includes:

A. Intermediate goods

B. Final goods only

C. Transfer payments

D. Illegal income

12. IS curve represents:

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