If the Nation's Yearly Total Energy Use and Also the Yearly

question 18

Multiple Choice

If the nation's yearly total energy use and also the yearly gross national product [GNP] are graphed, the two graphs rise at the same rate until the mid- 1970s, but they diverge from each other after about 1973.This divergence of the graphs shows that

• A) as the price of goods and services decreases, energy use increases.
• B) an increasing GNP causes energy use to also increase.
• C) U.S. energy efficiency decreased after 1973, due to lower energy prices.
• D) energy use increases when the nation's goods and services increase.
• E) energy efficiency has played a large role in providing goods and services since 1973.

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Definitions:

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An expenditure that is subtracted from gross income to reduce the amount of income that is subject to taxation.