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When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
What are the factors affecting economic growth in the UK?
Economic growth is measured by an increase in the real Gross National Product of a country or its GDP. There are two types of economic growth, long run and short run economic growth. Short run economic growth is caused by an increase in the aggregate demand of an economy, otherwise referred to as AD. AD is made up of four factors, consumption, investment, government spending and the net worth of imports and exports. An increase in any of these factors can lead to an increase in real GDP. Long run economic growth is caused by an increase in the quality or quantity of the factors of production of the economy. These FOP's are land, labour, capital and enterprise. An increase in any of these factors will cause an increase in the potential output of an economy meaning it has the potential to produce more.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP?
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
What is the single most important factor underlying the long-run increase in average real-wage rates in the US?
educational levels.
Increase in real GDP are often interpreted as increase in welfare. what are some problems with this interpretation?
Increase in Real GDP is often interpreted as increase in welfare because Increase in Real GDP causes an increase in average interest rate in an economy by which Government expenditures (Government purchases and transfer payments) increases. Problem with this interpretation is that the Real GDP increases due to increase in price level or money market by which real money supply decreases and money supply demanded exceeds real money supply. That means that people start demanding more money in order to full fill their requirements.
When there are sustained increases in real GDP over time we say that the economy is undergoing?
Economic growth. Since that is basically the definition of a growing economy, steady increase in GDP
What is the point of a flashback?
To remember things that happened long ago. In real life, this is often referred to as a memory.
'I was looking at the stars through the windows and wondering if you ought to knock off and hit the sack or keep on listening to Cameron curse real steady.' What does it mean by 'curse real steady'?
Referring to the lyrics, 'curse real steady', the artist is describing the flow of another fellow rapper which contains vulgar language that is constant.
What are the factors affecting economic growth in the UK?
Economic growth is measured by an increase in the real Gross National Product of a country or its GDP. There are two types of economic growth, long run and short run economic growth. Short run economic growth is caused by an increase in the aggregate demand of an economy, otherwise referred to as AD. AD is made up of four factors, consumption, investment, government spending and the net worth of imports and exports. An increase in any of these factors can lead to an increase in real GDP. Long run economic growth is caused by an increase in the quality or quantity of the factors of production of the economy. These FOP's are land, labour, capital and enterprise. An increase in any of these factors will cause an increase in the potential output of an economy meaning it has the potential to produce more.
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP?
Why doesn't an increase in aggregate demand translate directly into an increase in real GDP
What is the definition of real expansion?
a real increase in the volume of a liquid that takes place due to increase of temperature is called real expansion
What is the most important factor underlying the long-run increase in average real wage rates in the us?
educational levels.
What gifts did steady Eddie give bud in Bud Not Buddy?
One, the saxophone case, and he gets a real saxophone at the end of the book from steady Eddie aswell
What is the single most important factor underlying the long-run increase in average real-wage rates in the US?
educational levels.
Are witch boards real?
Witch Boards are also referred to as Ouija Boards. Yes, they are real.
What was Zeus real name?
In Greek mythology, Zeus was commonly referred to as Zeus, which was his real name.
Was Job in the Bible real?
Very real. See Ezekiel 14 and James 5 who referred to him.
