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1.3.1 The withdrawal of money from the circular flow 1.3.2 A summary of the various indicators of the same type into a single value 1.3.3 The exchange rate is determined by market forces with intervention by the central bank 1.3.4 The increase in the capacity of the economy to produce more goods and services 1.3.5 The processing of natural resources into finished products 1.3.6 The lowest interest rate charged by commercial banks to their best clients. - NSC Economics - Question 1 - 2023 - Paper 1

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1.3.1-The-withdrawal-of-money-from-the-circular-flow-1.3.2-A-summary-of-the-various-indicators-of-the-same-type-into-a-single-value-1.3.3-The-exchange-rate-is-determined-by-market-forces-with-intervention-by-the-central-bank-1.3.4-The-increase-in-the-capacity-of-the-economy-to-produce-more-goods-and-services-1.3.5-The-processing-of-natural-resources-into-finished-products-1.3.6-The-lowest-interest-rate-charged-by-commercial-banks-to-their-best-clients.-NSC Economics-Question 1-2023-Paper 1.png

1.3.1 The withdrawal of money from the circular flow 1.3.2 A summary of the various indicators of the same type into a single value 1.3.3 The exchange rate is determ... show full transcript

Worked Solution & Example Answer:1.3.1 The withdrawal of money from the circular flow 1.3.2 A summary of the various indicators of the same type into a single value 1.3.3 The exchange rate is determined by market forces with intervention by the central bank 1.3.4 The increase in the capacity of the economy to produce more goods and services 1.3.5 The processing of natural resources into finished products 1.3.6 The lowest interest rate charged by commercial banks to their best clients. - NSC Economics - Question 1 - 2023 - Paper 1

Step 1

1.3.1 The withdrawal of money from the circular flow

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114 rated

Answer

Leakages

Step 2

1.3.2 A summary of the various indicators of the same type into a single value

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104 rated

Answer

Composite indicator

Step 3

1.3.3 The exchange rate is determined by market forces with intervention by the central bank

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101 rated

Answer

Managed floating / Controlled floating

Step 4

1.3.4 The increase in the capacity of the economy to produce more goods and services

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Answer

Economic growth

Step 5

1.3.5 The processing of natural resources into finished products

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117 rated

Answer

Manufacturing

Step 6

1.3.6 The lowest interest rate charged by commercial banks to their best clients

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121 rated

Answer

Prime rate

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