The growth rate of output of the entire economy is called
A) factor growth.
B) labor productivity growth.
C) per-capita output growth.
D) output growth.

Question

Quizplus · Accepted Answer

The growth rate of output of the entire economy is simply referred to as "output growth." Factors such as labor productivity and population growth can contribute to overall output growth, but the term "output growth" refers specifically to the overall expansion of a country's total output of goods and services over time.

The Growth Rate of Output of the Entire Economy Is