When US Real GDP Increases, Then Quantity of U

question 69

Multiple Choice

When U.S. real GDP increases, then quantity of U.S. imports

• A) decreases.
• B) remains constant.
• C) increases.
• D) at first decreases and then increases.

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Definitions:

Historical Baseline

A reference point derived from past data, typically used for comparison with current data to monitor changes or progress over time.

Productivity Gains

Increases in the output of goods or services per unit of input, often as a result of improvements in efficiency or technology.

Scanlon Plan

A type of gain-sharing program that focuses on improving productivity and sharing the resulting incremental earnings with employees.

Normal Labour Cost

The typical expenses associated with compensating employees, including wages, salaries, and benefits, under standard operational conditions.