1. Economic growth is a very particular concept in economics. The term "economic growth" is not always used correctly in media reports. a. Define economic growth b. Consider the following economy. Year Nominal GDP (trillions of Dollars Price Level 2014 $18 240 2015 $20 250 Is it possible to calculate the economic growth rate in 2015 given the information above? If so, calculate the economic growth rate. If not, what other information would you need to calculate the economic growth rate. 2. Many polices have been advocated to help nations escape poverty, and the policies often focus on the Importance of resources. For each policy listed below, which resource is the primary focus: natural resources, physical capital, or human resources? A. International loans for Infrastructure like roads, bridges, and dams B. Mandated primary education C. Restrictions on the development of forested land D. Population controls E. International ald for construction of a shoe factory