Which of the Following Will Lead to an Increase in the GDP

question 155

Multiple Choice

Which of the following will lead to an increase in the GDP of a country,all other variables remaining unchanged?

• A) An increase in imports
• B) An increase in consumption expenditure
• C) A fall in the expenditure on investment goods
• D) A fall in the expenditure incurred by the government

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Definitions:

Correlations

A statistical measure that indicates the extent to which two or more variables fluctuate together, showing the strength and direction of a relationship between them.

Absolute Values

The non-negative value of a number regardless of its sign; it represents the distance of a number on the number line from zero.

Multiply

To increase a quantity by another quantity, a basic mathematical operation involving the addition of a number to itself a specified number of times.

Intercept

In the context of regression models, it refers to the value of the dependent variable when all independent variables are zero.