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 96 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?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Economic and Social Development Economic and Social Development
Low (or No) Natural Growth Low (or No) Natural Growth
Data for Calculating Productivity Growth in Erewhon Data for Calculating Productivity Growth in Erewhon
economic question (having trouble) economic question (having trouble)
economic question (having trouble) economic question (having trouble)
Typical bacterial population growth curve showing the initial lag phase Typical bacterial population growth curve showing the initial lag phase
Video: Gastrin (protein digestion)

For a complete list of videos, visit our video library