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What played a significant role in economic expansion?
What played a significant role in economic expansion?
What is the most significant institution in the economic structure?
Businesses are the most significant institution in the economic structure.
Which economic indicator does not measure economic growth?
Unemployment rate
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
One significant economic impact of the second industrial revolution?
frequent and prolonged economic recessions
What played a significant role in economic expansion?
What played a significant role in economic expansion?
What is the most significant institution in the economic structure?
Businesses are the most significant institution in the economic structure.
Which economic indicator does not measure economic growth?
Unemployment rate
Which economic indicator measure economic?
CPI (Consumer price index)
Advantages and disadvantage of using the GDP as a measure of productivity and economic health?
The advantages of using GDP as a measure of productivity and economic health is that GDP is universal and can be used to measure an economy's growth or decline. The disadvantage of using GDP as a measure of productivity and economic health is that it does not effectively measure the quality of products.
What is the primary measure used to monitor aggregate economic activity?
The primary measure it looks at is the real GDP, which it considers to be the single best measure of aggregate economic activity.
One significant economic impact of the second industrial revolution?
frequent and prolonged economic recessions
Impact of imports and exports on the US Open economy?
The impact of imports and exports on the US open economy is quite significant. This is what shapes the economic status and is used as the measure of the productivity level of the nation.
What do economic indicators do?
One thing that economic indicators measure is the unemployment rate.
Which economic goal would be the most difficult to measure or to quantify?
Economic freedom.
Which industry had the most significant impact on the economic growth of the US in the 1920?
In the 1920 it was automobile significant impact
What does a standard of living measure?
A standard of living measure is the economic position of the individual.
