Which of the following will lead to an increase in the gross domestic product of a country?

A) An increase in expenditure on investment goods
B) A fall in the expenditure on consumption
C) A fall in the expenditure incurred by the government
D) An increase in imports

A

Economics

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Refer to Figure 24-3. Suppose the economy is at point C. If government spending decreases in the economy, where will the eventual long-run equilibrium be?

A) A B) B C) C D) D

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Nontariff barriers to trade are less transparent than tariffs

Indicate whether the statement is true or false

Economics