Special interest group X receives a 1\150^th slice of the economic pie. Its net benefits from an economic growth policy are $7,000, which are the same as its net benefits from a transfer policy. What is the change in the size of the economic pie (Real GDP)that is required to bring about this result?

Question

Quizplus · Accepted Answer

The correct answer is A because the change in the size of the economic pie (Real GDP) that is required to bring about this result is $1,050,000. This is because the net benefits from an economic growth policy are $7,000, which is the same as the net benefits from a transfer policy. Therefore, the change in the size of the economic pie (Real GDP) that is required to bring about this result is $1,050,000.

Special Interest Group X Receives a 1\150th Slice of the Economic

Special Interest Group X Receives a 1\150^th Slice of the Economic