Use the Following Figure to Answer the Questions

question 28

Multiple Choice

Use the following figure to answer the questions : Figure9.7

-If the full-employment level of income in Figure 9.7 is $300 billion,there is

• A)A recessionary gap of $50 billion per year.
• B)A recessionary gap of $100 billion per year.
• C)An inflationary gap of $500 billion per year.
• D)Achievement of macro equilibrium.

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Definitions:

State Development

The process by which a government implements policies and infrastructure projects to improve the social, economic, and political conditions of its country.

Geographical Factors

Physical and environmental elements that influence the climate, terrain, natural resources, and human activities in a given area.

Devastating Infectious Diseases

Refers to highly contagious and severe diseases that can lead to widespread illness, death, and social disruption.

Urban Population

Refers to the segment of a nation's population that resides within urban areas, which are characterized by higher population density and vast human features in comparison to areas surrounding it.