Answered: Which of the following increases as a…

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

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

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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