Which of the following factors causes economic growth?
a. a decline in capital goods production
b. a loss of resources
c. the production of more scarce goods
d. a technological improvement
e. the production of more consumer goods
D
Economics
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Changes in demand will often be met with changes in output rather than changes in prices because of formal and informal contracts
Indicate whether the statement is true or false
Economics
Refer to Table 19-30. Based on the table above, what is personal income for this economy?
A) $1,950 billion B) $2,030 billion C) $2,450 billion D) $5,130 billion
Economics