The level of GDP is a good gauge of economic prosperity, and the growth of GDP is a good gauge of economic progress.
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Q5: An economy can increase its real rate
Q6: If one of the primary factors of
Q7: Economic growth can be defined as:
A)an increasing
Q8: Labour alone cannot produce sustained economic growth.
Q9: Workers' productivity depends on technological knowledge and
Q11: Consumer spending encourages firms to produce more,
Q12: Technological knowledge enables improved productivity.
Q13: An improvement in technology between two dates
Q14: The production function curve can be used
Q15: Productivity is a measure of:
A)the amount of
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