Lesson 25- Economic Growth Flashcards by Tara Kod

Q

Define Economic Growth

A

An increase in the total output of goods and services produced in a country.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define GDP per head

A

Refers to the total output of goods and services produced by each and every individual in a country.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define Real GDP

A

GDP after adjusted for inflation.

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

A

How well did you know this?

1

Not at all

2

3

4

5

Perfectly