The best definition for economic growth is A) a sustained ...

[Diane]

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.

[katkat_flores]

Answer to Question 1

A

Answer to Question 2

D

[Diane]

Thank you

[katkat_flores]

Happy to help you