Special Interest Group X Receives a 1/150^th Slice of the Economic

question 13

Multiple Choice

Special interest group X receives a 1/150^th slice of the economic pie.Its net benefits from an economic growth policy are $7,000,which are the same as its net benefits from a transfer policy.What is the change in the size of the economic pie (Real GDP) that is required to bring about this result?

• A) $1,050,000
• B) $46.67
• C) $150,000
• D) $2,500,000
• E) none of the above

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Definitions:

Anxious Feelings

Emotional states characterized by worry, nervousness, or unease about something with an uncertain outcome.

Observable

Capable of being seen, noticed, or measured directly or indirectly in a scientific or empirical manner.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired; a response that is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.

Stimulus-Response Association

The link established between a specific stimulus and a particular response through conditioning.