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Which phase in the business cycle occurs when the GDP increases and the amount of and services produced increases?
Wiki User
∙ 8y ago
Expansion
Wiki User
∙ 8y ago
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Which phase in the business cycle occurs when the GDP increases and the amount of goods and services produced increases?
Expansion
What is a period of time when the amount of business increases is called?
expansion
What is total product in economics?
Total product in economics is all the goods and services produced by a business during a given period of time with a given amount of input.
When the amount of output produced by a given amount of inputs increases the most likely result is?
overall productivity rises.
Why does a nation experience increasing opportunity cost?
when the amount of resources increases, the opportunity cost of all goods and services increases
Which phase in the business cycle occurs when the GDP increases and the amount of goods and services produced increases?
Expansion
What is a period of time when the amount of business increases is called?
expansion
What is total product in economics?
Total product in economics is all the goods and services produced by a business during a given period of time with a given amount of input.
When the amount of output produced by a given amount of inputs increases the most likely result is?
overall productivity rises.
Why does a nation experience increasing opportunity cost?
when the amount of resources increases, the opportunity cost of all goods and services increases
What is the role of productivity in a market economy?
amount of goods and services produced in a given amount of time
The amount of goods or services produced per input used?
productivity
What is labor demand dependant upon?
the amount of goods and services produced
Is height affected by weight training?
Weight training increases the amount of Growth Hormone produced by the pituitary gland. The hormone that increases your height.
What was the agricultural revolution and what caused it?
The Agricultural Revolution was a period of technological improvement and increased crop productivity in farming that occurred in Europe during the 18th century. It was caused by innovations such as the seed drill, crop rotation, and selective breeding of livestock, which resulted in higher food production and population growth.
Does the amount of goods and services produced set the pace for economic growth?
It is demand that sets the pace for economic growth. Without demand, all the produced goods and services would just sit around being bored. The amount of goods and services produced is a direct indication of demand if you want to look at it that way.
Which economic indicator is measured by comparing the amount of goods or services produced with the amount of input that was used in production?
productivity
