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 113 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?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b Growth Chart for American Girls From Birth Through Age 3 Growth slows from infancy to toddlerhood b
Economic and Social Development Economic and Social Development
Palpation for respiratory expansion: Anterior view Palpation for respiratory expansion: Anterior view
economic question economic question
economic question economic question
Secondary growth Secondary growth
Video: Role of transport in a cell

For a complete list of videos, visit our video library