Question 1-12
The Gross Domestic Product (GDP) of the United States is expanding currently. Which of
the following changes to these business cycle factors would be most likely to encourage GDP
growth to slow?

I. The automobile industry reduces hours for factory workers.
II. Banks offer lower interest rates for mortgages.
III. Consumers feel more secure in their jobs.

I only
III only
I and II only
II and III only

Question

Answered

Sagot :

Ewomazinoadeid Ewomazinoadeid · Answer 1

The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.

To learn more about GDP, please check: https://brainly.com/question/15225458

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