Third World Countries Are Sometimes Also Called

question 6

Multiple Choice

Third world countries are sometimes also called

• A)poor countries.
• B)developing countries.
• C)retailing countries.
• D)less healthy countries.

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Definitions:

Investment

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Government Expenditures

The total amount spent by the government for its operations, public services, and social welfare programs.

Aggregate Spending

The total spending on goods and services in an economy at a given overall price level and in a given time period.

Marginal Propensity

The ratio of change in an economic variable, such as consumption or saving, to a change in another, like income.