The rate of economic growth is best defined as the:
A) increase in investment as a percentage of GDP over time.
B) percentage increase in nominal GDP over time.
C) percentage increase in real GDP over time.
D) percentage increase in the quantity and quality of capital, human, and natural resources which occurs over time.
Correct Answer:
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Q3: Defenders of growth say that it is
Q4: The rise in productivity seen in the
Q5: In Canada, real GDP per capita has
Q6: An outward shift in the production possibilities
Q7: Real GDP = worker-hours * labour productivity.
Q9: About two-thirds of Canada's growth rate in
Q10: Economic growth can be shown as a
Q11: An increase in the quantity and quality
Q12: Improvements in education and training explain nearly
Q13: If an economy's real GDP is growing
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