With the economy at potential output, economic growth requires at least:
A) growth in actual output.
B) a fall in actual output.
C) growth in the labour force.
D) a higher rate of depreciation of the capital stock.
Correct Answer:
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Q4: Between 1950 and 2004, the average annual
Q5: From the list below the best measure
Q6: Economic growth:
A) does not affect living standards.
B)
Q7: Small differences in growth rates eventually produce
Q8: Growth of per capita output occurs when:
A)
Q10: Which of the following statements is false?
A)
Q11: Growth accounting attempts to measure the factors
Q12: The factors of production are:
A) land, labour,
Q13: To the economist, productive capital is defined
Q14: The production function shows the relationship between:
A)
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