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What is the impact of economic growth on a nations GDP and PPC?
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How does gold investment affects GDP?
Investment in Gold reduces supply of money needed for accelation in economic growth. To that extent that affects growth of GDP.
What does the level of a nation's GDP measure?
It measures the economic growth of a country,
What would be the effects of a decline in GDP?
Stagnation or decline of economic growth .
Why is real GDP used to measure economic growth?
a real lady
How do economics measure the impact of technological progress on economic growth?
Economic growth is the increase of per capital GDP or other measures of aggregate income, typically reported as annual rate of change in real GDP. A variety of measures of national income/output are used in economics to estimate total economic activity in a country or region, including gross domestic product (GDP), gross national product (GNP), & net national income (NNI).
How economic growth of a country is measured?
Economic Growth can be defined as an increase in output produced by an economy in a period of time (usually a year) or an increase in the ability of an economy to produce goods and services. Economic Growth itself can be measured by measuring an increase in GDP, Real GDP (GDP adjusted for inflation), or Real GDP per capita (a measure of standard of living) which means the increase in real output per person.
What is a period of economic growth as measured by a rise in real GDP called?
An expansion
What is The most basic measure of economic growth?
GDP (Gross Domestic Product)
What is a steady long term increase in real GDP referred to as?
Economic Growth
What is one major measure of economic growth?
Per Capita Real GDP
What is the official measure of economic growth called?
The official measure of economic growth is called Gross domestic product ( gdp) . I remember learning it in business
What economic measurement does the U.S. government use to report the nations production output?
The "GDP".
