If the Nongovernment Share of GDP Shifts to the Right

question 2

Multiple Choice

If the nongovernment share of GDP shifts to the right and the government share of GDP remains constant, then

• A)there must be an increase in taxes.
• B)the dollar exchange rate must weaken.
• C)there must be a decrease in taxes.
• D)the interest rate decreases.
• E)the interest rate increases.

Understand the impact of savings rates on productivity growth.

Recognize the role of innovation during the industrial revolution.

Assess the relationship between health care spending and GDP.

Evaluate work hours in relation to productivity and international comparisons.

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Radical

A symbol (√) representing the square root or nth root of a number or expression.

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A value that, when multiplied by itself, gives the original number. It is often represented by the radical symbol \(\sqrt{}.\)

Simplify

The process of reducing an expression into its simplest form, making it easier to work with.

Simplify

To make something less complex or complicated, making it easier to understand or solve.