ECS1601 LATEST EXAM PACK.
ECS1601 LATEST EXAM PACK. ECS1601 - Economics IB. The five economic participants in the circular flow of income and spending: a. Households b. Firms c. Government d. Foreign Sector e. Financial Sector. The three criteria for a good tax: a. Neutrality b. Equity c. Administrative Simplicity. Gross domestic expenditure indicates the total value of spending within the borders of the country and it includes imports and excludes exports. The difference between GDE and GDP is therefore the difference between exports and imports (X – Z) known as net exports (Page 243).
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- University of South Africa
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- ECS1601 - Economics IB (ECS1601)
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- 18 oktober 2021
- Aantal pagina's
- 47
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- 2021/2022
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ecs1601 economics ib
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ecs1601 latest exam pack