The size of a country's "economic pie" is thought of as the total dollar value of all goods and services produced during some period of time. The economic pie
A) is a fixed total waiting to be divided up among people.
B) determines how much wealth an individual can obtain.
C) is variable, not fixed, across time periods.
D) depends solely upon the natural resources of a country.

Question

Quizplus · Accepted Answer

The economic pie is variable because it can grow or shrink over time based on factors like productivity, innovation, and economic policies, rather than being a fixed amount.

The Size of a Country's "Economic Pie" Is Thought of as the Total