Economics · Oct / Nov 2016 · Paper 13 · Question 20
2281Economic growth
A newspaper reports that there has been an economic slump in an economy. What would an economist expect the immediate effect to be?
- AProduction will decrease.
- BSaving will decrease.
- CTaxation will decrease.
- DThe population will decrease.
As printed in the paper
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Correct answer: A. Production will decrease.
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