Fill in the blanks to make the following statements correct. Long run, sustained

Question

Fill in the blanks to make the following statements correct. Long run, sustained increases in potential output are called. Increases in material living standards occur with increases in real. An important cost of economic growth is the sacrifice of current in exchange for investment that raises future. Four major determinants of economic growth examined in this chapter are growth in labour force, growth in human capital, the level of democracy, and technological improvement. government purchases, growth in human capital, growth in physical capital, and technological improvement. growth in labour force, government purchases, growth in physical capital, and technological improvement. growth in labour force, growth in human capital, growth in physical capital, and technological improvement. growth in labour force, growth in human capital, growth in physical capital, and the level of democracy.

Explanation / Answer

1. Economic growth

2. Income

3 Consumption , Income/consumption

4. D

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