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A Simple Approach to Using Probability/impact Information Is to Calculate

question 53

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A simple approach to using probability/impact information is to calculate risk factors.


Definitions:

Government Purchases

Spending by the government on goods and services, which is part of fiscal policy to influence the nation's economy.

GDP

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

Consumption

Household consumption of products and services.

Investment

The allocation of resources, usually money, in expectation of a future benefit such as profit or interest.

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