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The diagram that shows the income received and payments made by each sector of the economy is the ?

The diagram that shows the income received and payments made by each sector of the economy is the ?

A. income-expenditures diagram
B. aggregate demand-aggregate supply diagram
C. circular flow diagram
D. income-price diagram

The diagram that shows the income received and payments made by each sector of the economy is the ? Read More »

Economics Mcqs, The National Economy

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ?

A. move into surplus
B. move into deficit
C. remain unchanged
D. None of the above above

Starting from a balanced budget, for a given tax rate, an increasing in income will cause the government budget to ? Read More »

Economics Mcqs, The National Economy