Economic growth is measured by the:
A) advancement in the quality of a nation's technology.
B) rate of business investment and capital formation.
C) annual percentage change in per capita real output of goods and services.
D) marginal change in nominal output divided by total output from the previous year.
Correct Answer:
Verified
Q25: A technological advance may come in either
Q26: The measure most commonly used by economists
Q27: Given a constant rate of growth of
Q28: Foreign direct investment-capital injections from abroad-can promote
Q29: If real GDP per capita is increasing,
Q31: Given a constant rate of growth of
Q32: Which one of the following will not
Q33: An increase in the stock of capital:
A)causes
Q34: When measuring economic growth, economists typically focus
Q35: How much a country's economy will produce
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