If the Size of the Economy Has Grown for the Last

question 82

Multiple Choice

If the size of the economy has grown for the last three quarters, but prices overall have dropped, which of the following is true?

• A) The economy is in a contraction phase and CPI is increasing.
• B) The economy is in an expansion phase and GDP is decreasing.
• C) The economy is in an expansion phase and CPI is decreasing.
• D) The economy is in a contraction phase and CPI is decreasing.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Least Harm

A principle aiming at minimizing the negative impact of actions or decisions on individuals, communities, and the environment.

Utilitarian

A theory or doctrine that actions are right if they are useful or for the benefit of a majority.

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The compensation provided to the Chief Executive Officer of a company, often including a mixture of base salary, bonuses, shares, and other incentives.