Economic growth is a sustained expansion of production possibilities measured as the increase in ________ over a given period.

Name: Economic growth is a sustained expansion of production possibilities measured as the increase in ________ over a given period.
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Question

Quizplus · Accepted Answer

Real GDP is the total value of all goods and services produced in a country in a given year, adjusted for inflation. It is a measure of the size of the economy and is often used as a measure of economic growth.

Economic Growth Is a Sustained Expansion of Production Possibilities Measured