Which of the following increases as a result of an increase in real GDP? i. autonomous expenditure ii. induced expenditure iii. potential GDP O a. ii only
Which of the following increases as a result of an increase in real GDP? i. autonomous expenditure ii. induced expenditure iii. potential GDP O a. ii only
Chapter1: Making Economics Decisions
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![Which of the following increases as a result of an increase in real GDP?
i. autonomous expenditure
ii. induced expenditure
iii. potential GDP
O a. ii only
O b. i, ii, and iii
O c. ionly
O d. ii and i
O e. ii only](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F868b8534-4d89-4d63-908b-b662dc9aeef4%2F945e0464-e124-40cb-83ad-8d25a331b589%2F0z8yt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Which of the following increases as a result of an increase in real GDP?
i. autonomous expenditure
ii. induced expenditure
iii. potential GDP
O a. ii only
O b. i, ii, and iii
O c. ionly
O d. ii and i
O e. ii only
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