Economics Matching
| Using the data in the table above, real GDP per person in 2004 is |
| Real GDP/Population
$14,257.43 |
| Retirement savings accounts, such as IRAs, help increase economic growth because |
| savings finances investment |
| Economic freedom requires |
| the rule of law and ability to enforce the laws |
| The new growth theory asserts that profits are |
| temporary, because discoveries that lead to profits will eventually be used by all - replicated |
| If Real GDP was 16 billion last year and is 18 billion this year what is the growth rate |
| A reason why many of the third world countries are not achieving an increase in their standard of living is that they |
| don't have social institutions with a strong rule of law and economic freedom |
| Using the data in the table above, the growth rate of real GDP has |
| Calculate Growth Rate for Time Periods
slowed down from year to year |
| Thomas Malthus was an economist who contributed to the _______ theory of growth |
| Increases in human capital can come |
| from formal education and on-the-job learning |
| Economic growth is defined as |
| a sustained expansion of production possibilities |
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