Question

Economic growth is equal to: Group of answer choices real GDP plus national output. growth in total factor productivity plus growth in amounts of resources. GNP plus GDP. total factor productivity plus amounts of resources. total factor productivity minus marginal factor productivity.

Answer 1

real GDP plus national output.

Step-by-step explanation:

• The economic growth is the growth of the market values of the goods and the services that are produced by an economy over the time and is measured in terms of a percentage rate of the growth in the real GDP.

• And increase with the inflation-adjusted market values in the inflation-adjusted terms and some to measured with an annual percentage it has the advantage and the drawback of the measure.