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Economic growth is best measured by a sustained increase in which of the following?

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Economic growth is best measured by a sustained increase in which of the following?
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Economic growth is best measured by a sustained increase in which of the following?

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Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Economic growth is best measured either by an increase in (nominal, real) GDP over a time period or by an increase in (nominal, real) GDP per capita over a time period. A rise in real GDP per capita (increases, decreases) the standard of living and (increases, decreases) the burden of scarcity in the economy.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

2

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Assume an economy has a real GDP of $3600 billion. If the growth rate is 5 percent, real GDP will increase by ($360, $180) billion next year; but if the rate of growth is only 3 percent, the annual increase in real GDP will be ($54, $108) billion. A two percentage point difference in the growth rate results in a ($72, $254) billion difference in the annual increase in real GDP.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

3

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Since 1950, real GDP in the United States increased at an annual rate of about (2.0, 3.2) percent and real GDP per capita increased at an annual rate of about (2.0, 3.2) percent.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

4

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Modern economic growth is uneven across countries because leader countries have experienced such growth for a (shorter, longer) time period and follower countries have experienced such growth for a (shorter, longer) time period. It is possible for a follower country to catch up with the standard of living of a leader country if the economic growth rate for the follower country is significantly (smaller, larger) than the growth rate for the leader country, and the difference is sustained over time.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

5

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Among the institutional structures that contribute to modern economic growth in leader countries are established property (lines, rights) , protection for copyrights and (movies, patents) , the efficient channeling of savings and investment, (financial, government) institutions, widespread programs for (immigration, education) , specialization in production by nations that comes from (free, restricted) trade, and the use of the competitive market system.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

6

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

The four supply factors in economic growth are
a.
b.
c.
d.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

7

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

To realize its growing production potential, a nation must fully employ its expanding supplies of resources, which is the (efficiency, demand) factor in economic growth, and it must also achieve productive and allocative(efficiency, demand) , the other factor contributing to economic growth.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

8

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

In the production possibilities model, economic growth increases primarily because of (demand, supply) factors that shift the production possibilities curve to the (left, right) ; but if there is less than full employment and production, the economy (may, may not) realize its potential.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

9

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Real GDP of any economy in any year is equal to the quantity of labor employed (divided, multiplied) by the productivity of labor. The quantity of labor is measured by the number of (businesses, hours of labor) . Productivity is equal to real GDP per (capita, worker-hour) .
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

10

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

The quantity of labor employed in the economy in any year depends on the size of the (unemployed, employed) labor force and the length of the average workweek. The size element depends on the size of the working-age population and the labor-force (unemployment, participation) rate.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

11

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

The recent record of economic growth in the United States shows that the increase in the quantity of labor is (more, less) important than increases in labor productivity in accounting for economic growth.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

12

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Factors contributing to labor productivity include
a. technological
b. increases in the quantity of and in the quantity available per
c. the improved and of workers
d. economies of
e. the improved of resources.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

13

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

An increase in the quantity of the capital stock of a nation is the result of saving and (consumption, investment) . A key determinant of labor productivity is the amount of capital goods available per (consumer, worker) .
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

14

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Infrastructure, such as highways and bridges, is a form of (private, public) investment that complements (private, public) capital goods.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

15

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

The knowledge and skills that make a productive worker are a form of (physical, human) capital. This type of capital is often obtained through (consumption, education) .
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

16

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Reductions in per-unit costs that result from the increase in the size of markets and firms are called (improved resource allocation, economies of scale) , but the movement of a worker from a job with lower productivity to one with higher productivity would be an example of (improved resource allocation, economies of scale) .
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

17

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

A sustained increase in labor productivity over time will (increase, decrease) real output, (increase, decrease) real income, and (increase, decrease) real wages.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

18

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

The characteristics of the recent rise in the average rate of productivity growth are (advances, declines) in information technology, business firms that experience returns to scale that are (decreasing, increasing) , and global competition that is (decreasing, increasing) .
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

19

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Skeptics contend that the increase in the rate of productivity growth may be a (short-run, long-run) trend that is not sustainable over a (short-run, long-run) period.
Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

20

Economic growth is best measured by a sustained increase in which of the following?
Economic growth is best measured by a sustained increase in which of the following?

Critics of economic growth contend that it (cleans up, pollutes) the environment, it (does, does not) solve problems such as poverty and homelessness, and (is, is not) sustainable. Defenders of economic growth say that it creates (less, greater) material abundance, results in a (higher, lower) standard of living, and results an efficient and sustainable allocation of resources based on price (discounts, incentives) .
Economic growth is best measured by a sustained increase in which of the following?

How is economic growth measured?

The most common way to measure the economy is real gross domestic product, or real GDP. GDP is the total value of everything - goods and services - produced in our economy. The word "real" means that the total has been adjusted to remove the effects of inflation.

Which is the best measure of economic growth of a country?

The most well-known and frequently tracked is the gross domestic product (GDP).

What are the 4 factors of economic growth?

The four main factors of economic growth are land, labor, capital, and entrepreneurship.

Which of the following best defines economic growth?

“Economic growth is an increase in the production of economic goods and services, compared from one period of time to another” is the definition at Investopedia.

economic growth measured sustained increase

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