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GRADE 12 ECONOMICS LEARNER NOTES - Mail & Guardian

1. Taxes form part of (leakages/injections) in the economic circular flow. 2. The lowest turning point in the business cycle is referred to as a (peak/trough). 3. The MTEF shows income and expenditure estimates for a (one/three)-year period. 4. A decrease in the value of a country's currency in terms of another currency by market

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  Economic, Expenditure

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