Asked by Kitty Dollas on Jun 23, 2024
Verified
The rate of economic growth is a topic of microeconomics.
Economic Growth
The increase in the production of goods and services in an economy over a period of time.
Microeconomics
Microeconomics is the branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.
- Understand the principal themes within macroeconomics and microeconomics.
Verified Answer
BT
Brandon ThomasJun 26, 2024
Final Answer :
False
Explanation :
The rate of economic growth is a topic of macroeconomics, as it deals with economy-wide phenomena rather than individual markets or sectors.
Learning Objectives
- Understand the principal themes within macroeconomics and microeconomics.
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