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Explain about Economys growth rate
Economy's growth rate: Long-term economic growth, or tendency growth, is the rate of growth the economy can sustain, ignoring the short-term ups and downs of the economic cycle. It can be demonstrate by the outward movement of the economy's production possibility frontier. The percentage annual enhance in real GDP measures economic growth.
HOW TO GET THE REVENUES AND EXPENDITURES AS A PERCENT OF GDP?
C=100+0.75Yd How do i calculate marginal propensity to consume?
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