Question: If a nations primary goal is to increase the standard of living for its citizens, then it should strive to increase nominal GDP. real GDP.

If a nation’s primary goal is to increase the standard of living for its citizens, then it should strive to increase

nominal GDP.

real GDP.

GDP per capita.

capital deepening.


Economic growth policies for high income nations often includes

investments technology and human capital.

moving to a market economy from a government controlled economy.

resolving political instability.

finding an equilibrium between aggregate demand and aggregate supply.


Economic growth policies for low income (economically challenged) nations should include

investments technology and human capital.

managing hyperinflation.

resolving political instability.

finding an equilibrium between aggregate demand and aggregate supply.

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