compared with the expenditure approach to calculating GDP, the income approach isby eliminating the effects of price increases on GDP growthwhat is the difference between real GDP and nominal GDP ?real is based on constant prices and nominal is based on the current year's priceswhat is the amount of money a person has left of his or her income taxes after taxes called?a worker's truck breaks down more often than 80,000 miles of drivivingaccording to the aggregate supply curve, what happens as the price level decreases?going from left to right on the aggregate demand curve, real GDPwhat are the four main limitations of GDP accuracy?nonmarket activities, underground economy, negative externalities and quality of lifeif no foreign countries produce in a country, but many of the country's companies build products in foreign country, then it is safe to sayan economy that experiences decreasing real GDP and increasing prices is said to suffer from?what is an example of a positive external shock to aggregate supply?good weather leads to an unusually productive harvest for corn farmersshort term interest rates show the cost of borrowing money for how long ?which of the following may not be indicated by low long-term interest rates?which of the following is an accurate statement about the Great Depression?it was the most sever downturn in the history of industrial capitalism.which of the following was a lasting effect of the OPEC embargo in the 1970's on the U.S. economy?what are the leading economic indicators supposed to predict?how does an economist compare the standard of living in two different countries?which of the following would be an example of capital deepening?how does a higher level of saving lead to higher GDP in the future?because more capital is available for investment, leading to higher output through capital deepeningthe proportion of the disposable income that is savedsuppose the savings rate is 15%. 1.) A: new scientific knowledge that has practical applications C: new roads and other infrastructure improvements built by the government reducing the scale of the market for a new product What measures help promote technological progress? which of the following measures does not help promote technological progress? Issuing a patent to a company that invents a new product c. training programs for workers d. reducing the scale of the market for a new product 2. [])) Which of the following is not an example of technological progress? Which of the following policies would not help promote economic growth? Technological progress will be promoted by individuals and companies who are on the cutting edge of current technology and are aware of the latest products. reducing the scale of the market for a new product. No. 1. All of the following measures help promote technological progress EXCEPT investing in the education of workers. All of the following measures help promote technological progress EXCEPT a from ECON 101 101 at Keystone National High School Your browser will redirect to your requested content 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