Asked by Anthony Vasquez on Jun 05, 2024

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How would an economist typically assess the extent of economic progress in a nation?

Economic Progress

Improvements in the standard of living and economic health of a society, often measured by factors such as GDP growth, technological innovation, and increased productivity.

Economist

A professional who studies economic theories, models, and principles to analyze how societies use resources and distribute goods and services.

  • Evaluate how economists assess economic progress.
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David NorteyJun 06, 2024
Final Answer :
An economist typically would examine the growth rate of the nation's real GDP.