Under Which Circumstance Will the Level of National Income Expand

question 96

Multiple Choice

Under which circumstance will the level of national income expand?

• A)If injections increase.
• B)If savings expand.
• C)If government spending is reduced.
• D)If taxes increase.
• E)None of these.

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Definitions:

Marginal Utility

The additional satisfaction or utility that a consumer gains from consuming one more unit of a good or service.

Pretzels

A type of baked pastry made from dough that is commonly shaped into a knot and typically salted.

Utils

A hypothetical unit of measurement used in economics to quantify the level of utility or satisfaction gained from consuming goods and services.

Sensitivity

The degree to which something is affected by changes in external factors, often used in contexts like financial analyses, project planning, or scientific measurements.