In a Small European Country, It Is Estimated That Changing

question 79

Multiple Choice

In a small European country, it is estimated that changing the level of capital from $8 million to $10 million will increase real GDP from $2 million to $3 million.What level of GDP would you expect the economy to be able to reach if spending on capital continued to rise to $12 million, assuming no technological change and no change in the hours of work?

• A)GDP would increase further, but by less than $1 million.
• B)GDP would increase further by exactly $1 million.
• C)GDP would increase further by more than $1 million.
• D)GDP would increase further by exactly $4 million.
• E)GDP would increase further, but more than $4 million.

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Definitions:

Glucose

A basic form of sugar that plays a crucial role as an energy source in living beings and is a key element of numerous carbohydrates.

Added Sugars

Sugars and syrups that are added to foods or beverages during processing or preparation.

Soluble Fiber

A type of dietary fiber that dissolves in water to form a gel-like substance, aiding in digestion and helping to lower cholesterol levels.

Dietary Protein

Essential nutrients found in food sources like meat, dairy, legumes, and nuts that are crucial for the building, maintenance, and repair of body tissues.