Download Chapter 16 Absolute Real Economic Growth An increase

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Transcript
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 marketplaceā€”that is, waters the green spots.
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