--%>
Assignment Help - homework help

Economic growth

Give the answer of following question. Economic growth is best defined as an increase in: A) either real GDP or real GDP per capita. B) nominal GDP. C) total consumption expenditures. D) wealth in the economy.

   Related Questions in Microeconomics

  • Q : Problem on marginal resource cost Can

    Can someone help me in finding out the right answer from the given options. Despite of the market structures, the firms maximize gain by hiring labor where the: (i) Marginal revenue product = marginal resource cost. (ii) Marginal r

    		•
  • Q : Surveyors problem Surveyors sometimes

    Surveyors sometimes cannot arrange a probabilistic sample and instead rely on a variety of non-probabilistic techniques, each which poses potential problems. Surveyors could: target a quota of a certain type of res

    		•
  • Q : Profit maximization of an output level

    Profit is maximized when this brickyard manufactures an output level of: (1) 6,000 generic bricks daily. (2) 7,000 generic bricks daily. (3) 15,000 generic bricks daily. (4) 17,000 generic bricks daily. (5) 20,000 generic bricks daily.

    Q : Decisions of market for loanable funds

    If considering the market for loanable funds, and the classical view of how interest is associated to people’s decisions to save is which: (w) interest income is the prime example of an unearned economic rent. (x) the primary reason for inequali

    		•
  • Q : Main deficiencies of current welfare

    Not among main deficiencies of the current welfare system is which it sometimes: (w) gives low benefits to the poor relative to total budgetary outlays. (x) collects taxes from the poor to provide benefits to the rich. (y) yields effective marginal ta

    		•
  • Q : Cruise ship pollution-an economic

    This exercise inspects why ‘greywater’ dumped from cruise ships can be vision as an economic difficulty and the complexities of dealing with this.

    		•
  • Q : Hike in relative price of a good I have

    I have a problem in economics on Hike in relative price of a good. Please help me in the following question. The hike in relative price of a good will quickly increase the: (i) Quantity demanded. (ii) Market supply. (iii) Rate of inflation. (iv) Quant

    		•
  • Q : Statistical perspective of Inferior

    On an average, American families with more income tend to contain fewer children than families with less income. This fact recommends that, at least from a purely statistical perspective, the American children are: (1) Inferior goods. (2) Substitute goods for the cats

    		•
  • Q : Canada’s top three trading partners

    Name the Canada’s top three trading partners?

    		•
  • Q : Sharing the characteristics of purely

    Purely competitive markets share the feature of: (i) collusive behavior among of large firms. (ii) freedom of entry and exit in the long run. (iii) extensive negotiations about prices in between buyers and sellers. (iv) widespread product differentiat

    		•