Economists often define economic growth in terms of changes in
A) Potential GDP.
B) Current GDP or actual production.
C) Population.
D) Living standards.
Correct Answer:
Verified
Q1: Which of the following must occur to
Q3: If a country currently produces a mix
Q4: Economic growth
A)Is measured using real GDP.
B)Shifts the
Q5: If nominal GDP rises from $550 billion
Q6: A short-run increase in capacity utilization
A)Shifts the
Q7: Economic growth implies a
A)Rightward shift of the
Q8: Long-run macroeconomic growth
A)Shifts the production possibilities curve
Q9: Which of the following is a major
Q10: In the short run,movement toward a fixed
Q11: Better short-run use of current capacity
A)Moves the
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