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main sources of growth 1000 infant mortality per 1000 live births economic growth economies of scale per capita energy consumption pollution - technological advance newly industrialized countries externalities 70 rule of 70 adult illiteracy rate industrial policy economic growth rate supply factors Asian tigers brain drain capital flight demographic explosion demographic transition outward orientation vicious cycle of poverty import substitution birthrate death (mortality) rate less developed countries underemployment new global compact overpopulation debt relief annual rate of population increase undeveloped countries sociocultural and institutional factors economic growth rate determinants of aggregate demand determinants of aggregate supply deficient (insufficient)aggregate demand aggregate supply aggregate demand demand shock favorable supply shock  

 

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13. What are basic ingredients of economic growth?

14. How does an increase or decrease in per unit production costs change aggregate supply?

15. What roles do the expectations of consumers and businesses play in influencing aggregate demand?

 

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6. If the prices of imported resources increase, then this event would most likely:

a) decrease aggregate demand;

b) increase aggregate demand;

c) increase aggregate supply;

d) decrease aggregate supply.

 

7. Which of the following is not a supply factor in economic growth?

a) an expansion in purchasing power;

b) an increase in the economys stock of capital goods;

c) more natural resources;

d) technological progress.

 

 

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