Let's say you read in your news feed that the United States economy is growing at only 1% per year. What does that actually mean? O The economy is growing linearly The economy is actually shrinking The economy is neither shrinking nor growing The economy is growing exponentially

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Production And Growth
Section17.1: Economic Growth Around The World
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Let's say you read in your news feed that the United States economy is growing at only
1% per year. What does that actually mean?
The economy is growing linearly
The economy is actually shrinking
The economy is neither shrinking nor growing
The economy is growing exponentially
Transcribed Image Text:Let's say you read in your news feed that the United States economy is growing at only 1% per year. What does that actually mean? The economy is growing linearly The economy is actually shrinking The economy is neither shrinking nor growing The economy is growing exponentially
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