To Understand How the Shares of GDP Are Allocated in a Market

question 33

Multiple Choice

To understand how the shares of GDP are allocated in a market economy, which of the following factors needs to be understood?

• A)The rate of growth of potential GDP
• B)The rate of growth of aggregate demand
• C)The real rate of interest
• D)The rate of growth of the labor force
• E)The rate of inflation

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Definitions:

Confederacy

A league or alliance, especially of states or groups. Historically, it also refers to the Confederate States of America, a collection of 11 southern states that seceded from the United States in 1860-1861.

Northern Officers

Military leaders from the Northern states of the United States, notably the Union side during the American Civil War, who held command positions.

Battle of Bull Run

The Battle of Bull Run refers to two significant battles during the American Civil War, known as the Battle of First Bull Run (or First Manassas) in 1861 and the Battle of Second Bull Run (or Second Manassas) in 1862, both named after a nearby creek in Virginia.

Much Blood

A phrase that might refer to situations or events characterized by a lot of violence or casualties.