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