Question

____ economics is concerned with the size of production in
the economy
A)Microeconomics B)macroeconomics C)static economics D)all the above
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Answer 1

Answer:

Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. It can be measured in nominal or real (adjusted for inflation) terms. Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.

KEY TAKEAWAYS

Economic growth is an increase in the production of goods and services in an economy.

Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth.

Economic growth is commonly measured in terms of the increase in aggregated market value of additional goods and services produced, using estimates such as GDP.

Macroeconomics is your ans

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Answer 2

Answer:

Microeconomics is the answer.

Explanation:

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