Which of the Following Explains Why Fluctuations in Real GDP

question 163

Multiple Choice

Which of the following explains why fluctuations in real GDP have become less volatile in the United States since 1950?

• A)Services have become a smaller fraction of GDP since the 1950s.
• B)Unemployment insurance and other government transfer programs are more prevalent since the 1950s.
• C)The government has become more reluctant to intervene when real GDP declines and unemployment rises since the 1950s.
• D)both B and C

Comprehend how memory allocation works in Java, specifically through the use of the new operator.

Distinguish between accessor and mutator methods and their purposes.

Grasp the concept of method invocations and the usage of return values.

Recognize the scope of variables in Java (instance, local, global).

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Definitions:

Citizen Apathy

A situation where individuals in a society do not show interest or concern for the political, social, or cultural life of their community.

Massive Deficits

Significantly large shortfalls where government expenditures exceed revenue.

Surpluses

Situations in which the quantity of a product or service supplied exceeds the quantity demanded, or when revenues exceed expenditures in a budget.

Tax Expenditures

Governmental financial benefits conferred through tax policies, allowing individuals or corporations to reduce their tax liabilities through deductions, exemptions, or credits.