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.

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Definitions:

Sample Size

The number of individual observations or data points used in a statistical sample.

Low Income Housing

Housing deemed affordable for those with a household income below a certain threshold, as defined by national or local governments.

Sq.Ft

Abbreviation for square feet, a unit of area measurement equivalent to a square measuring one foot on each side.

Hypothesis

A proposed explanation for a phenomenon, which can be tested through experimentation and observation.