The Multiplier Is Calculated as the Change in ________

question 215

Multiple Choice

The multiplier is calculated as the change in ________ / change in ________.

• A)real GDP; autonomous expenditure
• B)autonomous expenditure; real GDP
• C)nominal GDP; autonomous expenditure
• D)real GDP; induced spending

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Definitions:

Nearshoring

The practice of transferring a business operation to a nearby country, often to reduce costs and improve collaboration due to geographical proximity.

Onshoring

The process of returning a business's production or services to its home country from overseas to benefit from domestic advantages.

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work as opposed to permanent jobs.

Sharing Economy

The sharing economy is a socioeconomic system that allows individuals to borrow or rent assets owned by someone else, emphasizing access over ownership.