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4. Economic growth measures
a. the increase in nominal income.
b. the increase in the volume of output on either a total or a per capita basis.
c. the growth of efficiency.
d. the growth of productivity.
e. none of the above.
5. A measure of economic instability is
a. the unemployment rate.
b. the inflation rate.
c. the business cycle.
d. the Lorenz curve.
e. all except d are correct.
6. In the real world, most economic systems are in fact
a. centralized systems.
b. mixed systems.
c. market systems.
d. planned systems.
4. Economic growth measures
a. the increase in nominal income.
b. the increase in the volume of output on either a total or a per capita basis.
c. the growth of efficiency.
d. the growth of productivity.
e. none of the above.
5. A measure of economic instability is
a. the unemployment rate.
b. the inflation rate.
c. the business cycle.
d. the Lorenz curve.
e. all except d are correct.
6. In the real world, most economic systems are in fact
a. centralized systems.
b. mixed systems.
c. market systems.
d. planned systems.
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2 Jun 2021