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ECO3041 - Ch 15 Review Qs

ECO3041 - Ch 15 Review Qs - Chapter 15 Review Questions...

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Chapter 15 Review Questions Questions: 1. Economic growth can be portrayed as a: A) outward shift of the production possibilities curve. B) inward shift of the production possibilities curve. C) movement from a point on to a point inside a production possibilities curve. D) movement from one point to another point on a fixed production possibilities curve. 2. Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. We could conclude that this economy's: 3. Real GDP per capita is found by:
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