Which of the Following Will Cause an Increase in U

question 46

Multiple Choice

Which of the following will cause an increase in U.S.gross exports?

• A)An increase in foreign consumer income.
• B)A decrease in foreign business investment.
• C)An increase in U.S.consumer income.
• D)A decrease in foreign business income.

Appreciate the impact of inventory changes on GDP contributions.

Recognize the role of non-market activities and various expenditures in GDP formulation.

Explore the dynamics of the circular flow model, focusing on the role of households and firms in the economy.

Understand the concept and calculation of Gross Domestic Product (GDP) and its significance in measuring economic activity.

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Definitions:

Labor Shortage

Occurs when there are not enough workers to fill the available job positions, often leading to increased wages to attract talent.

Technological Innovation

The introduction of new technologies or the improvement of existing technologies to create more effective processes, products, or ideas.

Overtime

Hours worked in addition to one's regular working hours, often eligible for additional pay or compensatory time off.

Outsourcing

The practice of hiring external firms or individuals to perform tasks, handle operations, or provide services that are either difficult to manage or outside the company's core business.