One of the Reasons Why Real GDP Grows Is That

question 93

Multiple Choice

One of the reasons why real GDP grows is that

• A)prices increase.
• B)governments collect more taxes.
• C)capital grows as a result of investment.
• D)imports increase.
• E)people have more income.

---

Definitions:

Market Testing

A process where a product or service is tested in limited areas or groups to evaluate its market viability before a full-scale launch.

Prospective Consumers

Individuals who are potential buyers of a product or service but have not yet made a purchase decision.

Purchase Conditions

The terms and requirements under which a purchase is made, including price, delivery, warranties, and payment terms.

Development

The process of growth, progress, or improvement in a particular area, such as economic development, software development, or personal development.