The Food Processing Industry in Richland Accounts for 20 Percent

question 57

Multiple Choice

The food processing industry in Richland accounts for 20 percent of its GDP.Which of the following will happen if firms in this industry become pessimistic about the future demand for their products? Assume that consumption and government expenditure remain unchanged.

• A) Richland's GDP will fall.
• B) Richland's inflation rate will increase.
• C) Richland's unemployment rate will fall.
• D) Richland's interest rate will increase.

---

Definitions:

Crashworthiness Cases

Legal cases that evaluate the ability of a vehicle to protect its occupants during an accident.

Enhanced Injuries

Injuries that are worsened due to another party’s negligence or intentional actions, often considered in legal claims for damages.

Negligently Designed

Refers to a product that was created without due care, leading to a potential risk of harm to the user.

Implied Warranty

An unwritten guarantee that the product sold meets certain criteria for usability and satisfaction.