US Economics Money Worksheet

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FOR WHOM to Produce?
Wages
Labour
Rent
Land-owners
Interest
Capital-providers
Profit
Entrepreneurs
8
KAPLAN
Economic Growth Rate
• Economic Growth Rate is the rate at which a nation’s
Gross Domestic product (GDP) grows from one year to
another.
Real GDP Growth Rate
Real GDP (Y2) – Real GDP (Y1) X 100
Real GDP (41)
KAPLAN
Monopolistic Market Structure
Large number of firms
Freedom of entry
Product differentiation
Compete on quality,
price & marketing
KAPLAN

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Tags:
economics

money

equilibrium price falls

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