The Text Compares the Macroeconomic Performance of Great Britain and France

question 90

Multiple Choice

The text compares the macroeconomic performance of Great Britain and France immediately following Great Britain's departure from the ERM in 1992. What does it conclude?

• A) The rate of growth of real GDP was higher in France than in Great Britain.
• B) The rate of growth of real GDP was lower in France than in Great Britain.
• C) The rates of growth of real GDP were equal in France and in Great Britain.
• D) GDP growth of both Great Britain and France increased dramatically after Great Britain withdrew from the ERM.

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Definitions:

General Guidelines

Broad and nonspecific instructions or rules designed to guide actions or behavior in various situations.

Defender Organization

A type of business strategy where a company focuses on protecting its existing market share by emphasizing product improvement and innovation within a narrow market scope.

Current Operations Efficiency

The ratio of effective output to input in the performance of a business’s present-day activities.

Market Opportunities

Potential areas for business growth and expansion, identified through the analysis of market trends, customer needs, and competitive landscapes.