i know this isnt history but i need help which would cause the gross domestic product to go up? decrease in investments increase in consumption decrease in taxes increase in imports
Im here to help! what do you think??
is this more than one answer?
nope! just one answer. i think it makes sense that it would be increase in consumption because that means there'd need to be more goods produced or whatever but idk
i believe you are correct on B "increase in consumption! Reason for that is "consumption means "the using up of resource" or " a wasting disease" .. with the "gross domestic going up" , the consumption will increase , hope this helped
nice ok!! thats what i thought but i felt unsure. thanks a bunch.
Econ is close enough to History. GDP is everything produced in a country. So rule out imports, those aren't produced domestically. Lower investments means less capital available to producers. So, no. Increased consumption sounds like it could lead to more production, but is not enough if other factors are not available, like more capital. Lower taxes means the government is not taking capital. Governments don't produce anything. So lower taxes means more available capital to producers. More money to put to work means making more stuff.
Your very welcome! feel free to fan me and tag me in posts you need help on!
medal please?
oh! so it would be lower taxes then? i think i understand
i believe he is correct , he deserves the medal
A medal to you for your AHA moment.
I know we cant link sites but this , according to the GDP , it explains all you need to know , so let me know what you soon think for the final answer
https://www.reference.com/world-view/causes-gdp-increase-decrease-2b76ce96299537dd
the answer wasnt decreasing taxes. it doesnt tell me what the correct answer was but im gonna assume it was increase in consumption. @wwhitlock @avirllavinge2017
okay I was correct then! yay! I'm sorry whitlock gave you the wrong answer
oh no, its okay! thank you :-)
your welcome! good luck on your future grades! what was your grade on the test?
i got an A- :) that question was really the only one i was unsure of
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