Ask Question
BusinessBusiness
10 October, 17:47

If an economy's GDP falls, then it must be the case that the economy's Group of answer choices income and saving fall. income and market value of all production both fall. income falls and market value of all production rises income rises and market value of all production falls.

+4
Answers (1)
  1. 10 October, 19:44
    0
    Answer: Income and saving fall

    Explanation:

    A fall or contraction in the Gross Domestic Product (GDP) of a nation leads to business earnings decreasing and by extension the wages of people as businesses would have to cut back.

    As people's income falls, they will have to consume more of their income in order to afford their needs and wants. This will leave less of their income remaining for Savings so these fall as well.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If an economy's GDP falls, then it must be the case that the economy's Group of answer choices income and saving fall. income and market ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is the term for when a hacker calls a targeted user posing as technical support and asks the victim to divulge the account information so that immediate steps can be taken to prevent data loss from the account?
Answers (1)
Nathan Herrmann has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CEO Consultants.
Answers (1)
Since air pollution creates a negative externality, a. social welfare is optimal when all air pollution is eliminated. b. governments should encourage private firms to consider only private costs. c. the free market result maximizes social welfare.
Answers (1)
Just-in-time management could be best defined in which of the following ways? Select one of the options below as your answer. A. improving efficiency by raising wages B. increasing inventory for quality assurance C.
Answers (1)
In contrast to cost of capital, financial capital does what? I1. s the combination of debt and equity reflects the firm's financial leverage 2. Refers to the debt and equity claims making up the liability side 3.
Answers (1)
New Questions in Business
Gault Corporation had the following shares of stock outstanding on December 31, 2018: Common stock, $50 par value, 200,000 shares outstanding Preferred stock, 8 percent, $100 par value, cumulative, 20,000 shares outstanding Dividends were in arrears
Answers (1)
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on check - ing accounts.
Answers (1)
What effect does the availability of many substitutes have on the elasticity of demand for a good?
Answers (1)
What strategies do companies use for their financial benefit
Answers (1)
1. On March 1, a business paid $3,600 for a twelve month liability insurance policy. On April 1 the same business entered into a two-year rental contract for equipment at a total cost of $18,000.
Answers (1)
Home » Business » If an economy's GDP falls, then it must be the case that the economy's Group of answer choices income and saving fall. income and market value of all production both fall.
Sign Up Forgot Password?