Which of the Following Measures the Change of Real GDP

question 10

Multiple Choice

Which of the following measures the change of real GDP in the short run as a result of a an increase in government purchases?

• A)Spending balance
• B)Potential GDP
• C)Life-cycle model
• D)Keynesian multiplier
• E)45-degree line

---

Definitions:

Occupier of Land

Refers to a person or entity in possession of land or property, holding responsibility for the safety and maintenance of the premise.

Federal Statute

A law enacted by the federal government of a country.

Provincial Statute

Legislation enacted by the legislative assembly of a province within a country, dealing with matters within the province's jurisdiction.

Licencees

Individuals or entities that are given legal permission to do something that, without such permission, would be illegal.