Roberts and Gabor Found That There Had Been Net Widening

question 69

Multiple Choice

Roberts and Gabor found that there had been net widening in five of the nine provinces they studied, and that the national effect of this was what percentage??

• A)1 percent
• B)5 percent
• C)10 percent
• D)15 percent

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Definitions:

Recessions

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without the need for intervention by policymakers.

Expenditures

The amount of money spent on goods, services, or other expenses within a certain period.

Recessions

Periods of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.