Answer to Question #47410 in Macroeconomics for Ana

Question #47410
1. Economic growth is defined and measured as the annual percentage increase in

___________________________________ over time.
2. In the long run, a key statistic for a nation’s standard of living is ____________________.
3. The most important source of U.S. economic growth is increases in ?
4. largest contributor to increases in U.S. labor productivity is?
1
Expert's answer
2014-10-06T10:26:46-0400
1. Economic growth is defined and measured as the annual percentage increase in GDP over time.
2. In the long run, a key statistic for a nation’s standard of living is GDP per capita.
3. The most important source of U.S. economic growth is increases in labor productivity.
4. The largest contributor to increases in U.S. labor productivity is technological advance

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS