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

Author Question: The best definition for economic growth is A) a sustained expansion of production possibilities ... (Read 31 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 29, 2018
The best definition for economic growth is
 
  A) a sustained expansion of production possibilities measured as the increase in real GDP over a given period.
  B) a sustained expansion of production possibilities measured as the increase in nominal GDP over a given period.
  C) a sustained expansion of consumption goods over a given period.
  D) a sustained expansion of production goods over a given period.

Question 2

The circular flow shows that
 
  A) aggregate production equals aggregate expenditure.
  B) aggregate expenditure is less than aggregate income.
  C) GDP equals aggregate income.
  D) Both answers A and C are correct.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


Diane

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 29, 2018
Thank you :)


katkat_flores

  • Sr. Member
  • ****
  • Posts: 328
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

The production of transgenic crops The production of transgenic crops
Economic Globalization Economic Globalization
Expansion Ratios for Liquefied Compressed Gases Expansion Ratios for Liquefied Compressed Gases
economic question economic question
economic question (having trouble) economic question (having trouble)
Primary growth in a root Primary growth in a root
Video: Mechanisms of capillary exchange

For a complete list of videos, visit our video library