________ is defined as the percentage change in real GDP or real GDP per capita between two dates.

A) Growth rate
B) Progress index
C) Improvement ratio
D) Development ratio


Answer: A) Growth rate

Economics

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Holding money to meet unplanned expenditures and emergencies is known as

A. precautionary demand. B. transactions demand. C. aggregate demand. D. speculative demand.

Economics

Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

If the market price is less than a perfectly competitive firm's average total cost, what sort of profit or loss is the firm making?

What will be an ideal response?

Economics

Holding all else constant, a decrease in the real interest rate on Mexican assets will ________ the supply of dollars in the foreign exchange market and ________ the equilibrium Mexican peso/U.S. dollar exchange rate.

A. increase; decrease B. decrease; increase C. increase; increase D. decrease; decrease

Economics