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The increase in the value of the goods and services produced by an economy are?
Wiki User
∙ 12y ago
Economic Growth. The increase in the value of the goods and services produced by an economy is call Economic Growth.
I suppose one might take the difference between the GDP this year and last year to get a change in GDP that might represent 'Economic Growth.' But since the GDP's for both years includes Deficit Spending I don't think that would truly represent 'goods and services' per your question. A better choice would to deduct Deficit Spending for both years and then compare.
I believe all government spending, which is included in the GDP, is also in this catagory. Such spending does not represent money exchanged for goods and services in our economy, it represents a sort of cost. It came from taxes or deficit spending, not production. Even the spending they do may not be used to purchase goods and services produced in America.
Wiki User
∙ 12y ago
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What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
For whom are goods services produce in a market economy?
In a market economy, goods and services are produced for consumers.
What three questions define the economy of a society?
what goods and services should be produced? How should goods and services be produced? who should get and use the goods and services?
What goods and services will be produced in command economy?
a good
For whom are goods and services produced in a market economy?
Goods and services are produced for consumers . What the consumer wants, the entrepraneur or company will give..
What are the production distribution and consumption of goods and services?
An economy is a system for producing goods and services.
How should goods and services be produced in a market economy?
A market economy has producers that grow, make or manufacture goods. These are then sold to middle men who wholesale the good to retailer that sell them to the consumers.
What Three question every economy must answer?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?
What are the four basic questions of economy?
What goods and services will be produced?How will the goods and services be produced?Who will get the goods and services?How will the system accomodate change?
How are goods and services produced in a traditional economy?
Printing used to be a service historically
How do increase in consumer spending affect the economy?
With an increase in consumer spending, there will be an increase in demand for goods/services, and therefore an increase in production, which drives the economy up.
A system for producing and distributing goods and services?
The system of producing goods and services is called an economy. This system uses humans to produce and sell the goods. When the people have no say in what will be produced or how, this is called a command economy.
Who decides what goods and services will be produced in a market economy?
In a market economy, it is the producer, typically influenced by the demands of the consumer, who makes decisions about what to produce. This is in contrast to a command economy where the government makes those decisions.
