All of the Following Are True About the French and British

question 7

Multiple Choice

All of the following are true about the French and British empires on the eve of the Seven Years' War except:

• A) in India, both Britain and France possessed only disconnected coastal commercial establishments.
• B) both traded with China along the Pearl River Delta in South China.
• C) in North America, the British were more successful than the French in gaining Indian support.
• D) the British American colonies were much divided.

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Definitions:

Inflationary Gap

A scenario where aggregate demand exceeds aggregate supply at the level of full employment, leading to an increase in general price levels.

Equilibrium GDP

The level of Gross Domestic Product where aggregate supply equals aggregate demand, indicating an economy in balance without tendency to change.

Full Employment GDP

The total market value of all goods and services produced domestically by a country when all available resources are fully utilized.

Multiplier

In economics, a factor that quantifies the change in economic output as a result of a change in other economic variables, such as spending or investment.