This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is economic growth and how do we calculate its rate? What will be an ideal ... (Read 70 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 29, 2018
What is economic growth and how do we calculate its rate?
 
  What will be an ideal response?

Question 2

Define wealth, or net worth.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Anton

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 29, 2018
Answer to Question 1

Economic growth is the sustained expansion of production possibilities. It is measured by the increase in real GDP over a given time period. The economic growth rate is the annual percentage change in real GDP.

Answer to Question 2

Wealth or net worth is the value of all the things that you own after your liabilities are subtracted.


xroflmao

  • Member
  • Posts: 515
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Laurenleakan

  • Member
  • Posts: 309
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

A nurse adjusts the rate of a client’s IV. A nurse adjusts the rate of a client’s IV.
Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ... Growth cones. The cytoplasmic fingers (the filopodia) of growth cones seem to grope for the correct ...
Social Capability and Economic Growth Social Capability and Economic Growth
Population Density versus Economic Growth Population Density versus Economic Growth
Role of Productivity in Determining Growth, 1975–2009 Role of Productivity in Determining Growth, 1975–2009
economic question economic question
Video: Action potentials - electrical characteristics and generation

For a complete list of videos, visit our video library