The process of steady increase in the quantity and quality of goods and services the economy can produce is called:
A) aggregation.
B) globalization.
C) production.
D) economic growth.
Correct Answer:
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Q19: Macroeconomic policies are government policies designed to
Q20: Since 1950, the standard of living in
Q21: Output per worker must be _ output
Q22: Average labor productivity equals:
A)average production per year.
B)total
Q23: The value of output was $1,000 billion
Q25: If living standards in a country, as
Q26: Output per person must be _ output
Q27: In Econland population increased from 1 million
Q28: Output per employed worker is called:
A)total output.
B)average
Q29: The country of Southland produced $2,000 billion
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