Macroeconomics Chapter 8

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-a percentage rate of growth per quarter or per year

Economic growth is calculated as: -a percentage rate of growth per quarter or per year -a percentage rate of growth per month -an average rate of growth per month or per 6 months

-real GDP per capita

Real GDP divided by the size of the population is called: -real GDP per capita -nominal GDP per capita -nominal economic growth

-political; living

The growth of real GDP is a useful measure for the expansion of_______ preeminence while the real GDP per capita is a useful measure for _______ standards -political: investment -living; political -political; living -economic; debt


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