In a Small European Country,it Is Estimated That Changing the Level

question 130

Multiple Choice

In a small European country,it is estimated that changing the level of capital from $8 million to $10 million will increase real GDP from $2 million to $3 million.What level of GDP would you expect the economy to be able to reach if spending on capital continued to rise to $12 million,assuming no technological change and no change in the hours of work?

• A)GDP would increase further,but by less than $1 million.
• B)GDP would increase further by exactly $1 million.
• C)GDP would increase further by more than $1 million
• D)GDP would increase further by exactly $4 million.

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Definitions:

Embryo

The early developmental stage of an organism, following fertilization and preceding fetal development.

Amnion

A thin, protective membrane that forms a sac around the embryo or fetus during pregnancy, containing the amniotic fluid.

Placenta

An organ that develops in the uterus during pregnancy, providing oxygen and nutrients to the growing baby while removing waste products from the baby's blood.

Amniotic Fluid

The protective liquid contained within the amniotic sac of a pregnant female, surrounding and cushioning the fetus during development.