Answered: In the late 1800s, rapid economic…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter17: Stabilizing The National Economy

Section: Chapter Questions

Problem 1AA

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In the late 1800s, rapid economic growth placed new demands on the federal government and led it to A B None of these answers are correct. both create new federal departments built around economic interests, and establish the Senior Executive Service. create new federal departments built around economic interests. D establish the Senior Executive Service. E) reorganize the cabinet in order to make it the center of economic policy making.

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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