If an Economy Spends 90 Percent of Any Increase in Real

question 71

Multiple Choice

If an economy spends 90 percent of any increase in real GDP, then an increase in investment of $1 billion would result ultimately in an increase in real GDP of:

• A)$0.
• B)$0.9 billion.
• C)$1.0 billion.
• D)$10 billion.

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Definitions:

Biological Forces

Natural and inherent influences on human behavior and development, including genetics and physiological processes.

Development

The process of growth or progress, often referring to physical, psychological, or social evolution over time.

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for his theory on psychological development of human beings, which outlines eight stages from infancy to adulthood.

Identity Crises

Periods of doubt and uncertainty about oneself that often involve questioning one's own identity and values, essentially a rephrased definition of identity crisis.