The gross domestic product would increase significantly if which of the following occurred?
Question 19c of 25 - Economic indicators
- Maximum Attempts: 1
- Question Type: Multiple Choice
- Maximum Score: 2
- Question: The gross domestic product would increase significantly if which of the following occurred?
- Investment were halved.
- Consumption doubled.
- Taxes were cut in half.
- Imports doubled.
The correct answer is: Consumption doubled. Private consumption is a major component of GDP, so doubling consumption would significantly increase GDP.
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