The Ratio of the Change in Equilibrium Real GDP to the Change

question 119

Multiple Choice

The ratio of the change in equilibrium real GDP to the change in autonomous aggregate expenditures that produced it is the:

• A) multiplier.
• B) current income.
• C) permanent income.
• D) marginal propensity to consume.

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Definitions:

Income

A measure of money that individuals or businesses receive, usually through wages, investments, or sales.

Voting

The action of expressing a choice or opinion in matters such as electing public officials, passing laws, or making decisions in referendums, typically through a ballot.

Relationship

A connection, association, or involvement between people, whether personal, professional, or societal.

Electoral Votes

The number of votes a state has in the U.S. Electoral College, which ultimately decides the President and Vice-President of the United States.