According to Brueggemann, If We Could Shrink the Earth's Population

question 42

Multiple Choice

According to Brueggemann, if we could shrink the earth's population to a village of precisely 100 people, with all the existing human ratios remaining the same:

• A) 20 would be non-Christian.
• B) 45 (all from the United States) would possess 59 percent of the world's wealth.
• C) 30 would live in substandard housing.
• D) one would have a college education.

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Definitions:

Aggregate Demand

The total demand for final goods and services in an economy at a given time.

Theory of Liquidity Preference

A theory suggesting that individuals prefer to have their resources in liquid forms and how that preference influences interest rates.

Interest Rates

The cost of borrowing money, expressed as a percentage of the amount borrowed, paid by the borrower to the lender for using their money.

Automatic Stabilizers

Economic policies and programs designed to offset fluctuations in a nation's economic activity without intervention by the government or policymakers.