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Questions and Answers
Which term refers to the expansion of an economy's production possibilities?
Which term refers to the expansion of an economy's production possibilities?
- Determinants of productivity
- GDP
- Macroeconomics
- Economic growth (correct)
What is the main measure used to assess economic growth?
What is the main measure used to assess economic growth?
- Macroeconomics
- Economic growth
- GDP (correct)
- Determinants of productivity
Which of the following is NOT a determinant of productivity?
Which of the following is NOT a determinant of productivity?
- Tech capital (correct)
- Physical capital
- Natural capital
- Human capital
What does GDP measure?
What does GDP measure?
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What does GDP exclude?
What does GDP exclude?
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