Asked by

Tabitha McClendon
on Oct 13, 2024

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In order to raise our rate of economic growth our country needs to

A) Spend more on consumer goods.
B) Use older,tried and true technology.
C) Have its consumers save less.
D) Have its business firms invest more.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, measured by the change in real GDP.

Consumer Goods

Items produced for personal consumption by the general public, including durable goods like vehicles and appliances, as well as non-durable goods such as food and beverages.

Business Firms

Organizations engaged in commercial, industrial, or professional activities, aiming to generate profits.

  • Understand how investment impacts economic growth.
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HJ
Haley JacobsOct 17, 2024
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