dq 5 economics - component of economic and social...

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Hello class and professor, Economic growth implies increases in per-capita real gross domestic product namely widening of the production scale in a country as a whole, or more efficient use of its economic resources to produce goods and services. Although development per seen compasses a wide range of phenomena ranging from indicators of “quality of life” to “human development,” the increase in per-capita GDP is a major
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Unformatted text preview: component of economic and social development. Since the scale of production or productivity can only be increased in the long run, secular economic growth is considered a long run phenomenon. www.econedlink.org/economic-resources/focus-on-economic-data....
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This note was uploaded on 07/04/2011 for the course BU224 01AU taught by Professor Carolinegagnon during the Spring '09 term at Kaplan University.

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