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9. To maintain the current standard of living an economy must grow a. at its...

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Accounting

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9. To maintain the current standard of living an economy must grow a. at its trend rate b. at least 10 percent per year c. at least as fast as its population is growing d. at a slower rate than its population is growing 10. Per capita GDF country country's population a. measures the standard of living in a b. is the GDP of a country divided by that c. both a and b 11. What are the components of GDP? Government Spending (G) Exports (E) Spending (G) Exports (E) Spending (G) Net Exports (x-m) (1) Government Spending (G) Net Exports (x-m) d. none of the above a. Consumption (C) Inflation (I) b. Consumption (C) Income(1) Government c. Consumption (C) Income () Government d. Consumption (C) Investment Spending

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