Equilibrium GDP Is Equal to

question 160

Multiple Choice

Equilibrium GDP is equal to

• A)autonomous expenditure times the marginal propensity to consume.
• B)autonomous expenditure times the marginal propensity to save.
• C)autonomous expenditure times the multiplier.
• D)autonomous expenditure.

---

Definitions:

Drawee's Payment

Involves the party, usually a bank, upon which a check or draft is drawn, making the payment as specified to the payee or bearer.

Indorses

Indorses refers to the act of signing the back of a negotiable instrument, like a check, thereby transferring the title or the rights to another party.

Discount Mart

A retail store offering goods at lower prices by typically operating with lower overhead or offering goods in bulk.

Counterfeit Goods

Illegal replicas or imitations of legitimate products intended to deceive consumers.