Economic Growth Is Measured by

question 29

Multiple Choice

Economic growth is measured by

• A) an increase in the aggregate level of output.
• B) an increase in per capita output.
• C) a set of technological, institutional and social transformations.
• D) All of the above.

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Definitions:

Reasonable

A standard of fairness, practicality, and moderation, often used to judge actions or decisions in legal contexts.

Illegal Term

A provision in a contract or agreement that is not enforceable by law because it violates legal statutes or principles.

Sale of Business

The process of transferring ownership of a business from one party to another.

Restrictive Covenant

A clause in a contract which limits certain actions of the parties, often used in employment and real estate agreements.