According to this Application, one strategy proposed to deal with the rising expenses of government entitlement programs is for the government to save and invest now so as to reduce the burden on future generations. This strategy would
A) not change GDP, but shrink entitlement programs.
B) increase GDP and eliminate entitlement programs.
C) increase GDP, and entitlement programs would increase along with GDP.
D) increase GDP and entitlement programs would decrease.
C
You might also like to view...
In general, the relationship between democracy and economic growth as demonstrated by the HPAEs is that
A) democratic nations grow faster than undemocratic nations. B) democratic nations grow slower than undemocratic nations. C) there does not seem to be a relationship between democracy and economic growth. D) democracies are much more variable in their rates of growth than undemocratic nations. E) democracies are much less variable in their rates of growth than undemocratic nations.
A rational choice is one that:
A. allows individuals to reach their goals. B. involves the use of strategic decision making in an effort to reach a goal. C. does not involve self-interested behavior. D. is usually optimized when decision makers are poorly informed about alternatives
Understanding economics would be helpful to which of the following individuals?
a. a college student planning her next semester courses b. a fashion designer selecting fabric for a new spring collection c. a restaurant owner deciding whether to expand his establishment's hours of operation d. All of the above
The interest rate effect helps explain why a lower price level will reduce the quantity of real goods and services demanded as an economy moves down along its aggregate demand curve
a. True b. False Indicate whether the statement is true or false