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Economics (AS & A Level) · Oct / Nov 2023 · Paper 32 · Question 19

9708The circular flow of income

The accelerator principle refers to a relationship between investment and

  1. Athe level of GDP.
  2. Bchanges in GDP.
  3. Cthe level of interest rates.
  4. Dchanges in interest rates.

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Correct answer: B. changes in GDP.

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