Download Chapter 16 Absolute Real Economic Growth An increase

yes no Was this document useful for you?
   Thank you for your participation!

* Your assessment is very important for improving the work of artificial intelligence, which forms the content of this project

Document related concepts

Virtual economy wikipedia, lookup

Recession wikipedia, lookup

Business cycle wikipedia, lookup

Genuine progress indicator wikipedia, lookup

Abenomics wikipedia, lookup

Chinese economic reform wikipedia, lookup

Long Depression wikipedia, lookup

Economic growth wikipedia, lookup

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
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.
© 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.