/ Quiz /

The gross domestic product would increase significantly if which of the following occurred?

  • Question 19c of 25 - Economic indicators

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: The gross domestic product would increase significantly if which of the following occurred?
  • Answers:
  1. Investment were halved.
  2. Consumption doubled.
  3. Taxes were cut in half.
  4. Imports doubled.

The correct answer is: Consumption doubled. Private consumption is a major component of GDP, so doubling consumption would significantly increase GDP.

      12 total views, 1 views today

Related quizzes


Leave a replyYour email address will not be published. Required fields are marked *