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Economic growth can be further split into Actual growth and potential growth.
Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.
Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.
What else can I help you with?
What is meant by the term 'economic stagnation'?
The term 'economic stagnation' means a period of slow economic growth. Depending on the definition of the term, this means growth less than around 2% per year or significantly less than the growth predicted by experts. Causes can be poor economic policy, catastrophes and demographic developments.
Define the economic problem?
define economic problem
How would you define the term 'economic growth'?
Economic growth is an increase in production levels of goods and services within a country. To measure and distinguish weather or not a country is growing, we need to observe the total amount of goods and services being produced in the country at the time, the real gross domestic product (GDP), and compare it to changes from one year to the next as a percentage. Common factors associated with economic growth are increases in capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth.
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
Which economic term describes a period of slow economic growth that also has inflation?
Recession
Define the term economic?
Economic growth can be further split into Actual growth and potential growth.Actual growth is the increase in the GDP of the economy represented by the rightward shift of the Aggregate Demand.Potential growth is the increase in the productive capacity or the maximum possible output of an economy. this is represented by the rightward shift of the Aggregate Supply.
What is meant by the term 'economic stagnation'?
The term 'economic stagnation' means a period of slow economic growth. Depending on the definition of the term, this means growth less than around 2% per year or significantly less than the growth predicted by experts. Causes can be poor economic policy, catastrophes and demographic developments.
Define the economic problem?
define economic problem
Define balanced diet?
A diet containing the right amount of fuel, growth and protective foods.
How do dietitians define the term nutritious?
containing many of the substances needed for life and growth.
What is economic growth and why is it necessary?
Economic growth is a term to show the GDI increase. However, not everyone would consider it necessary.GDI = Gross domestic increase
How would you define the term 'economic growth'?
Economic growth is an increase in production levels of goods and services within a country. To measure and distinguish weather or not a country is growing, we need to observe the total amount of goods and services being produced in the country at the time, the real gross domestic product (GDP), and compare it to changes from one year to the next as a percentage. Common factors associated with economic growth are increases in capital stock, advances in technology, and improvement in the quality and level of literacy are considered to be the principal causes of economic growth.
Which economic term describes a period of slow economic growth that also has inflation?
Recession
What does the term Stagflation referred to?
a period of high inflation and slow economic growth
What is a steady long term increase in real GDP referred to as?
Economic Growth
What do economists mean by the term "capital" and how does it impact economic growth and development?
Economists define "capital" as assets like machinery, buildings, and money used to produce goods and services. Capital plays a crucial role in economic growth and development by increasing productivity, creating jobs, and attracting investment. More capital leads to higher output and income levels, ultimately driving economic progress.
As it relates to economic growth the term long-run trend refers to?
give me some thing on long rum growth
