In Keynesian Analysis, If Investment Remains Constant When Income Changes

question 231

Multiple Choice

In Keynesian analysis, if investment remains constant when income changes, the investment is called

• A)planned.
• B)autonomous.
• C)unplanned.
• D)discretionary.

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Definitions:

Economic Outputs

The total value of all goods and services produced by an economy over a specific period of time.

Gross Domestic Product

The total value of all goods and services produced within a country over a specific time period.

Human Development Index

A composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development.

Carrying Capacity

The largest number of individuals of a species that can be supported indefinitely by an environment, considering the availability of essential resources such as food, living space, water, and other requirements.