In the circular flow diagram, aggregate expenditure includes
A) consumption expenditure, saving, investment and government expenditure.
B) consumption expenditure, saving, investment and net exports.
C) consumption expenditure, investment, government expenditure and net exports.
D) consumption expenditure, saving, government expenditure and net exports.
Question 2
Using the official measure of unemployment, which of the following people is considered unemployed?
A) a part-time worker who wishes to work full time
B) a person who gave up looking for jobs because he or she was discouraged about his or her job prospects
C) a person who has been searching for work, but turns down a job paying a lower wage rate than desired
D) a person who is working but expects to be laid off at the end of the month