The Ratio of the Increase in ________ to the Increase

question 67

Multiple Choice

The ratio of the increase in ________ to the increase in ________ is called the multiplier.

• A)equilibrium nominal GDP; autonomous expenditure
• B)equilibrium real GDP; autonomous expenditure
• C)autonomous expenditure; equilibrium real GDP
• D)induced expenditure; equilibrium real GDP

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Definitions:

Sample Mean

The average value of a random sample taken from a population.

Symbols

Characters or marks used to represent objects, quantities, or concepts in various fields like mathematics, music, and art.

Sample

A subset of individuals or observations selected from a larger population for the purpose of statistical analysis.

Linear Association

A relationship between two variables where a change in one variable is associated with a proportional change in the other variable.