The Fact That Imports Increase as Real GDP Increases Implies

question 37

Multiple Choice

The fact that imports increase as real GDP increases implies that imports are part of

• A)marginal expenditure.
• B)autonomous expenditure.
• C)consumption expenditure.
• D)equilibrium expenditure.
• E)induced expenditure.

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Definitions:

Programs

Planned series of events, activities, or operations aimed at achieving specific goals or outcomes.

Sustainability

The practice of meeting current needs without compromising the ability of future generations to meet their own needs, often focusing on environmental, economic, and social factors.

Natural Environment

The physical surroundings in which living organisms interact, including land, water, air, natural resources, and all living things.

Economic Sectors

Categories of the economy based on their main activities, such as agriculture, manufacturing, and services.