If the Price Level Is Constant, a Change in Investment

question 265

True/False

If the price level is constant, a change in investment has a multiplied impact on real GDP.

---

Definitions:

Professional Labour Costs

Expenses associated with employing specialized professionals, such as engineers, lawyers, or doctors, including salaries, benefits, and training costs.

Manufacturing Businesses

Companies involved in the production of goods by transforming raw materials into finished products.

Net Realisable Value

The estimated selling price of an asset in the ordinary course of business, minus any costs associated with its sale or disposal.

Inventory

The stock of goods or materials held by a company, typically used in production or sold to customers.