Answered: Which of the following did not result…

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter7: Economic Growth: Theory And Policy

Section: Chapter Questions

Problem 2DQ

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Which of the following did not result in economic growth?

Group of answer choices

Installing a network of irrigation ditches and pumping stations in order to grow fruits and vegetables in parts of southern California.

Many citizens emigrating from Zimbabwe when a politically repressive regime took office.

The invention of a threshing machine for harvesting grains.

Increased government funding of post-secondary education.

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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