Economic Growth Is Defined as

question 54

Multiple Choice

Economic growth is defined as

• A) an increase in the satisfaction of all people within a country.
• B) an increase in per capita real GDP measured by its rate of change per year.
• C) any increase in per capita nominal GDP measured by its rate of change per year.
• D) an increase in the supply of money measured by its rate of change per year.

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Definitions:

Sternberg's Triangular Theory

A theory which suggests that love is composed of three interrelated components: intimacy, passion, and commitment, each playing a role in different types of love.

Fatuous Love

A type of love characterized by passion and commitment but lacking in intimacy, often short-lived and not deeply rooted.

Closeness

The feeling of emotional intimacy and connection with someone, manifesting in strong bonds and relationships.

Companionate Love

A form of love that is marked by deep affection, friendship, and emotional intimacy, often found in long-term relationships where passion may have subsided but strong bonds remain.