"Economic Growth" Has Occurred If the

question 6

Multiple Choice

"Economic growth" has occurred if the

• A) inflation rate between this year and last year is zero or less.
• B) GDP this year exceeds the Real GDP this year.
• C) unemployment rate this year is above the natural rate of unemployment.
• D) Real GDP this year exceeds the Real GDP of last year.

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Definitions:

Natural

Pertaining to phenomena, elements, or processes that occur in the natural world without human intervention.

Specific

Distinctively characterized by precise and distinct details or features.

Charles Darwin

was an English naturalist, geologist, and biologist, best known for his contributions to the science of evolution and for his proposition of natural selection as a mechanism for evolution.

Naturalist

An individual who studies or has expertise in the field of natural history, focusing on the study of the natural world.