A Rule of Thumb Is That a 1% Increase in Output

question 17

Multiple Choice

A rule of thumb is that a 1% increase in output leads automatically to a reduction in the deficit of what percentage of GDP?

• A)0.5%
• B)1%
• C)1.5%
• D)2%

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Definitions:

Subduction-derived Magma

Magma that is formed by the melting of subducted oceanic crust beneath a continental plate.

Belts of Volcanoes

Regions characterized by the alignment of multiple volcanoes, often situated along the boundaries of tectonic plates where volcanic activity is concentrated.

Basalt Fissure

A crack or opening in the earth's surface through which basaltic lava erupts.

Basalt

A dark, fine-grained volcanic rock that forms from the rapid cooling of magnesium and iron-rich lava.