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 69 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
:D TYSM

at

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Skull tooth growth Skull tooth growth
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
Coral growth rings as an indicator of environmental change Coral growth rings as an indicator of environmental change
Relationship between Resource Use and Growth Relationship between Resource Use and Growth
Outgroup role in relative rate test Outgroup role in relative rate test
Calculate the atomic mass of element Calculate the atomic mass of element
Video: How proteins function? How do proteins work?

For a complete list of videos, visit our video library