Q1) Indicate whether the statement is true or false If fewer tourists are visiting the UK, the injections into the circu

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Q1) Indicate whether the statement
is true or false
If fewer tourists are visiting the UK, the injections into the
circular flow of income in the UK will decrease.
Q2) Indicate whether the statement
is true or false
When a local council funds the building of new libraries the
injections into the circular flow of income will increase.
Q3) Indicate whether the statement
is true or false
Macroeconomic equilibrium in the short run is where aggregate
demand equals long run aggregate supply.
Q4) Indicate whether the statement
is true or false
Negative output gap implies a period when potential real GDP
exceeds actual GDP.
Q5) Indicate whether the statement
is true or false
An increase in interest rates will increase aggregate
demand.
Q6) Indicate whether the statement
is true or false
If the government decides to increase its expenditures on goods
and services, the aggregate demand curve will shift to the
right.
Q7) Indicate whether the statement
is true or false
According to the wealth effect in the aggregate demand analysis,
the higher the price level the larger the quantity of real GDP
demanded.
Q8) Indicate whether the statement
is true or false
The expenditure approach to measuring GDP adds up all the
incomes of factors of production.
Q9) Indicate whether the statement
is true or false
The nominal value of GDP divided by the real value of GDP
multiplied by 100 is equal to the GDP deflator.
Q10) Aggregate demand consists of: