If an Economy's GDP Falls,then It Must Be the Case

question 11

Multiple Choice

If an economy's GDP falls,then it must be the case that the economy's

• A)income falls and saving rises.
• B)income and saving both fall.
• C)income falls and expenditure rises.
• D)income and expenditure both fall.

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Definitions:

Quality of Life

A measure of the general well-being of individuals and societies, encompassing not only wealth and employment but also the built environment, physical and mental health, education, recreation and leisure time, and social belonging.

Sanctity of Life

The belief or doctrine that life is sacred and inviolable, often grounded in religious or moral principles, highlighting the importance of preserving life.

Financial Security

The state of having stable income or other resources to support a standard of living now and in the foreseeable future.

Dependents

Individuals who rely on others, typically family members, for financial support and care due to age, disability, or other reasons.