All Else Being Equal, If Consumption Declines as a Share

question 159

Multiple Choice

All else being equal, if consumption declines as a share of GDP, then

• A)people must be saving less.
• B)people will consume less in the future.
• C)there must have been an increase in GDP.
• D)people will consume more in the future.
• E)there must have been a decrease in GDP.

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Definitions:

Social Security

A government program that provides monetary assistance to people with an inadequate or no income.

Aggregate U.S. Health Care Spending

The total amount of money spent on health care services in the United States over a specified period.

GDP

Gross Domestic Product; the total market value of all goods and services produced within a country in a specific time period.

U.S. Health Care System

A complex organization of doctors, hospitals, insurance companies, and regulatory agencies providing health care services within the United States.