Some Economists Have Predicted That Recent Developments in Energy Production

question 58

Multiple Choice

Some economists have predicted that recent developments in energy production in the United States are estimated to result in all of the following EXCEPT

• A) millions of new jobs.
• B) the United States having the lowest energy costs of any country in the industrialized world.
• C) a substantial increase in GDP over time.
• D) significant increases in pollution.

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Definitions:

Gross Domestic Product

The total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.

Retail Store

A business establishment that sells goods or commodities directly to consumers.

Leakage

In economics, money or income that exits the economy through various channels without returning directly as spending or investment.

Circular Flow

A model in economics that depicts how money and goods move through the economy in a loop between households and firms.