The Multiplier Is Calculated as the Change in ________

question 215

Multiple Choice

The multiplier is calculated as the change in ________ / change in ________.

• A)real GDP; autonomous expenditure
• B)autonomous expenditure; real GDP
• C)nominal GDP; autonomous expenditure
• D)real GDP; induced spending

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Definitions:

Scientific Process

A methodical approach used in scientific inquiry to explore observations, formulating and testing hypotheses, thereby expanding knowledge.

Standardized Procedures

Established methods followed consistently to ensure uniformity and accuracy in tasks.

Measurement

The process of obtaining a quantitative value or size of an object or phenomenon, typically using instruments or standardized units.

Mathematical Models

Representations of real-world systems through mathematical concepts and language, used in a wide range of sciences to predict and analyze behaviors.