Which of the following statements about long-run economic growth is true?
A) Growth is compounded from one year to the next.
B) Growth is always occurring for rich countries.
C) Growth this year does not impact growth next year.
D) Poor countries are incapable of growth.
Correct Answer:
Verified
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Q35: Real GDP measures the:
A) Market value of
Q37: If real GDP was $750 billion in
Q38: If real GDP was $600 billion in
Q39: GDP per capita is:
A) Total GDP multiplied
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Q41: Growth in GDP per capita can only
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