Q 70

A small increase in the annual rate of economic growth can lead to a larger increase in growth over time due to the effects of
A) the money supply.
B) compounding.
C) regression towards the mean.
D) averaging.

Q 71

The definition of economic growth is the annual percentage
A) increase in the per capita real GDP.
B) increase in the per capita nominal GDP.
C) increase in the total nominal GDP.
D) increase in total exports.

Q 72

Economic growth will
A) shift the production possibilities curve inward.
B) shift the production possibilities curve outward.
C) shift along the production possibilities curve toward the X-axis.
D) be a movement from inside the productions possibilities curve to the curve itself.