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Chapter 16 Absolute Real Economic Growth An increase in Real GDP from one period to the next. Per Capita Real Economic Growth An increase from one period to the next in per capita Real GDP, which is Real GDP divided by population. Industrial policy A deliberate policy by which government aids industries that are the most likely to be successful in the world marketplace—that is, waters the green spots. © 2010 Cengage Learning. All Rights Reserved. This edition is intended for use outside of the U.S. only, with content that may be different from the U.S. Edition. May not be scanned, copied, duplicated, or posted to a publicly accessible website, in whole or in part.