Which of the Following Is an Example of Grand Corruption

question 19

Multiple Choice

Which of the following is an example of grand corruption?

• A) isolated transactions executed by individual public officials that abuse their office
• B) favors granted in exchange for personal consideration to a public official
• C) collusion between members of the private sector and public officials for mutual benefit
• D) state officials misusing large amounts of public resources over a prolonged period

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Definitions:

Inflation

The speed at which the overall price level of goods and services increases, thereby diminishing the buying power.

Real GDP

Gross Domestic Product adjusted for inflation, providing a more accurate reflection of an economy's size and how it's grown over time.

Economic Welfare

The overall well-being and standard of living of people within an economy, often measured by indicators like income, health, and education.

Net Private Domestic Investment

The total amount spent by businesses and firms in the economy on capital goods, minus depreciation.