Which of the Following Increases as a Result of an Increase

question 15

Multiple Choice

Which of the following increases as a result of an increase in real GDP?
i. autonomous expenditure
ii. induced expenditure
iii. potential GDP

• A) i only
• B) ii only
• C) iii only
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Chattel Security

A type of security interest granting a lender the right to repossess personal property used as collateral if the borrower defaults.

Consumer Goods

Products and services that are purchased for personal or household use.

Collateral

Goods or property used to secure a debt.

Right to Redeem

The legal right to reclaim property or an asset that has been sold, under certain conditions, within a specified period.