Chidi’s government only repairs roads that are in the very worst condition. Bridge collapses are not unheard of. The government’s infrastructure policy will likely ______ economic growth.

Macroeconomists think that

a. most questions about individual markets are more important than the overall economy. b. questions of overall unemployment are less important than the jobs of particular workers. c. the details of resource allocation and individual market prices are less important than the amount of national output. d. the causes of unemployment usually lie with the personalities of individual workers. e. the price of particular products is more important than the overall price level.

Real GDP was $9,950 Billion in year 1 and $10,270 billion in Year 2. What was the approximate rate of economic growth from year 1 to year 2?

What will be an ideal response?