quiz5 - Increased investment, more new, durable, man-made...

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AGEC 217 Quiz 25 11/20/09 1. (20) Define economic growth: Annual percent increase in real GDP per person. 2. (20) Define increased labor productivity: An increase in the amount produced per person or per hour. 3. (30) How does a country get economic growth?
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Unformatted text preview: Increased investment, more new, durable, man-made goods and services used for production. 4. (30) Give a specific example of one thing that a country could do to get growth. Getting a degree in electrical engineering technology....
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