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Question
Fill in the blank with appropriate alternatives given in the bracket:
________ is one of the determinants of aggregate supply.
Options
1.Consumption
2.Investment
3.Natural resources
4.Saving
Solution
Natural resources is one of the determinants of aggregate supply.
Explanation:
Natural resources include the gifts of nature such as fertile land, weather conditions, adequate rainfall, flora and fauna, perennial rivers etc. The abundant availability of all these factors act in favour of production. The aggregate supply of a country bestowed with these natural resources will be higher and vice-versa.
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