Answered: Economic growth is: an expansion…

Economic growth is: an expansion of production possibilities an increase in the population an increase in real GDP a decrease in output an increase in potential GDP Need help? Review these concept

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter5: National Income Accounting

Section: Chapter Questions

Problem 3E

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Question

Economic growth is:

an expansion of production possibilities

an increase in the population

an increase in real GDP

a decrease in output

an increase in potential GDP

Need help? Review these concept

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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