Which of the Following Factors Could Cause the Economy to Experience

question 38

Multiple Choice

Which of the following factors could cause the economy to experience supply-side inflation?

• A) Increased security about jobs and future income.
• B) Government laws which say that the average work week must be reduced by one hour every year.
• C) Increase the number of immigrants allowed into the country.
• D) Develop new technology to increase productivity.

Identify the main areas and opportunities within the field of accounting.

Recognize the ethical considerations and challenges in accounting.

Understand the differences between various business entities and their implications for accounting.

Grasp the objectives and importance of financial accounting for external analysis and decision-making.

---

Definitions:

Real GDP

Gross Domestic Product adjusted for inflation, reflecting the value of all goods and services produced by an economy in real terms.

Nominal GDP

The total economic value of all the final products and services generated within a nation's borders in a specified timeframe, calculated without any modification for inflation.

Imports

Goods or services brought into one country from another for sale or exchange.

GDP

Gross Domestic Product, a measure of the economic performance of a country, calculating the total value of all goods and services produced over a specific time period.