What Does the Economic Growth Rate Measure

question 16

Multiple Choice

What does the Economic Growth Rate measure?

• A)the annual rate of expansion for Purchasing Power Parity (PPP)
• B)average annual rate of growth in Gross Domestic Product (GDP)
• C)the annual rate of expansion for the New York Stock Exchange
• D)the annual rate of expansion for Gross National Income (GNI)
• E)It is a composite indicator that measures all of the above.

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Definitions:

Inner-City Joblessness

High rates of unemployment among residents of densely populated, urban neighborhoods, typically resulting from a combination of economic, social, and educational disadvantages.

Microfinance

A type of banking service provided to unemployed or low-income individuals or groups who have no other access to financial services.

Financial Services

Economic services provided by the finance industry, including banks, insurance companies, investment funds, and more.

Traditional Banking

Banking services provided by physical bank branches, including deposit taking, lending, and other financial services.