« previous next »

Author Question: Explain the concept of crowding in. What will be an ideal ... (Read 60 times)

james

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Explain the concept of crowding in.
 
  What will be an ideal response?

Question 2

When the GDP is measured using adjustments for price changes it is known as the
 
  A) real GNP. B) nominal GDP. C) real GDP. D) nominal GNP.


aloop

  • Sr. Member
  • ****
  • Posts: 315
Reply #1 on: Jun 30, 2018
Answer to Question 1

Crowding in occurs when a government decreases spending. If the level of output is fixed, when the government reduces spending, other spending components of GDP will increase. In a closed economy, consumption and investment could increase. In an open economy, consumption, investment and net exports could all increase.

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Gram + Cocci Concept Map Gram + Cocci Concept Map
Photosynthesis Concept Map Photosynthesis Concept Map
An old concept of genetic transmission—a homunculus in a sperm cell. An old concept of genetic transmission—a homunculus in a sperm cell.
The Concept of Water Balance The Concept of Water Balance
Biology Concept Framework Biology Concept Framework
Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ... Under ideal conditions, a single cell of the bacterium E. coli would divide every 20 minutes to ...
Video: Interview with an Anorexic Woman (Part 2 of 2)

For a complete list of videos, visit our video library