Real GDP is $9 trillion in the current year and $8.6 trillion in the previous year. The economic growth rate between these years has been
A) 7.67 percent.
B) 5.67 percent.
C) 4.65 percent.
D) $0.4 trillion.
E) 10.31 percent.
Correct Answer:
Verified
Q112: An important condition required for economic growth
Q113: The productivity curve is a relationship between
A)real
Q114: If real GDP grows at a faster
Q115: A condition necessary for a country to
Q116: Human capital refers to the
A)accumulation of money
Q118: U.S. real GDP in 2007 was $13.25
Q119: Growth in the standard of living is
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