Economic growth means
A) an increase in nominal GDP.
B) being in the expansionary phase of the business cycle.
C) an increase in the per capita nominal GDP.
D) an increase in the per capita real GDP.
Correct Answer:
Verified
Q2: An increase in population
A) always leads to
Q3: The speed at which the production possibilities
Q4: Which one of the following is FALSE?
A)
Q5: Which one of the following is FALSE?
A)
Q6: When there is economic growth in a
Q7: Investment spending
A) is a component of aggregate
Q8: Small differences in economic growth rates add
Q9: Economic growth is defined as
A) the increase
Q10: When there is economic growth, it is
Q11: When there is economic growth is a
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