________ will lead to an increase in the gross domestic product of a country, all other variables remaining unchanged
A) An increase in expenditure incurred by the government
B) A fall in the expenditure on consumption
C) An increase in imports
D) A fall in the expenditure on investment goods
A
You might also like to view...
Bananas in the European Union often retail for twice more than they do in the U.S. What is the most likely explanation for this fact?
A) A complicated system of tariffs and quotas that the EU has imposed to control the imports of bananas. B) More significant freight costs to ship bananas from Central America. C) Larger markup by European retailers. D) None of the above.
With respect to the business cycle, describe the difference between the expansion phase and the recovery phase
The total income of capital and labor must equal the value of total:
A. production. B. investment. C. profits. D. revenue.
Present bias occurs because there is a mismatch in the timing of benefits and costs.
Answer the following statement true (T) or false (F)