While the Goal of Almost All Microcredit Programs Is to Raise

question 6

Multiple Choice

While the goal of almost all microcredit programs is to raise well-being,which of the following could hurt a family as a result of taking a microloan?

• A) Having to work more hours to repay the loan
• B) Increased consumption of durable goods
• C) Increase food consumption
• D) If the loan is taken by a women it may increase her voice in the family

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Definitions:

GDP Per Person

A measure of a country's economic output that accounts for its population, calculated by dividing the GDP by the total population.

Real GDP

The total value of all goods and services produced by a country in a year, adjusted for inflation, reflecting the economy's actual growth.

United States

A country located in North America, known for being the world’s largest economy and a federal republic consisting of 50 states and a federal district.

Real GDP

Inflation-adjusted Gross Domestic Product, offering a clearer view of an economy's actual size and its growth trajectory over periods.