In Which Case Can We Be Sure Real GDP Rises

question 109

Multiple Choice

In which case can we be sure real GDP rises in the short run?

• A)foreign economies expand and government purchases rise.
• B)foreign economies expand and government purchases fall.
• C)foreign economies contract and government purchases fall.
• D)foreign economies contract and government purchases rise.

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Definitions:

Organizational Responsibility

Refers to the ethical and societal duty of a company or organization to act in the best interests of their employees, stakeholders, and the community, often encompassing environmental stewardship and social responsibility.

GSTC

The Global Sustainable Tourism Council, which establishes and manages global standards for sustainable travel and tourism.

Sustainable Tourism

A form of tourism that seeks to minimize its impact on the environment and local cultures while contributing to generating income and employment for the local population.

Consumer Behavior

The study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy needs and the impacts these processes have on the consumer and society.