When Inflation Is 4% and the Real GDP Growth Rate

question 146

Multiple Choice

When inflation is 4% and the real GDP growth rate is 2%,what is the spending growth rate?

• A) -2%
• B) 2%
• C) 6%
• D) 8%

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Definitions:

Opportunity Cost

The value of the best alternative forgone when a choice is made between competing options.

Additional Project

An extra task or plan of action that is undertaken to achieve a specific goal or objective.

Space Shuttle Launch

The process of propelling the Space Shuttle, a partially reusable low Earth orbital spacecraft system, from the Earth's surface through the atmosphere into space.

NASA

The United States government agency responsible for the nation's civilian space program and for aeronautics and aerospace research.