Economic growth is usually defined as
A) the rate of increase in output divided by the increase in labour.
B) the increase in output over time,as measured by real per capita GDP.
C) the increase in input availability.
D) the reduction in the real cost of necessities.
Correct Answer:
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Q2: Suppose two countries have per capita real
Q3: The term "economic growth" refers to increases
Q5: An increase in growth rates will cause
Q5: Productive capacity usually refers to
A)resources use.
B)nominal income.
C)satisfaction.
D)economic
Q8: If population growth is less than growth
Q9: If population growth is more than growth
Q10: Economic growth is best measured by increases
Q11: If real per capita GDP growth is
Q42: Suppose two countries have identical growth rates
Q56: If we are interested in knowing whether
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