The GDP of the Country Econia Is $100 Billion with the Following

question 98

Multiple Choice

The GDP of the country Econia is $100 billion with the following components: C = $50 billion, I = $15 billion, G = $30 billion, and (X - M) = $5 billion. Which of these would have the largest immediate impact to increase Econia's GDP?

• A) Exports rise by $4 billion.
• B) Inventory investment rises by $5 billion due to decreases in sales.
• C) The government spends $10 billion more on transfer payments.
• D) Consumers spend $8 billion more by reducing their savings by $8 billion.

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Definitions:

Positive Facets

Characteristics or aspects of a situation, individual, or concept that are beneficial or advantageous.

Followers

Individuals who align themselves with a leader or group, often supporting and being influenced by the leader's actions and decisions.

Powerful

Having great influence, authority, or force over others or situations.

Leaders

Individuals who guide, influence, or direct others within an organization or group to achieve collective goals.