Which of the following best represents economic growth?

A. an increase in real Gross Domestic Product (GDP)
B. an increase in nominal Gross Domestic Product (GDP)
C. an increase in the per capita nominal Gross Domestic Product (GDP)
D. an increase in the per capita real Gross Domestic Product (GDP)


Answer: D

Economics

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A) 20 pairs of shoes B) 46.7 pairs of shoes C) 60 pairs of shoes D) 280 pairs of shoes

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Betsy's utility depending from her consumption of coffee is shown in the table above. Betsy's marginal utility from the 3rd cup of coffee per day is

A) 30. B) 85. C) 90. D) 10.

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Which of the following countries does NOT use the euro?

A) Estonia B) Belgium C) Finland D) United Kingdom

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When consuming a good creates positive externalities,

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