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4. When measuring economic growth, are changes to real GDP or changes to per capita GDP more important, explain in detail. List and explain

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4. When measuring economic growth, are changes to real GDP or changes to per capita GDP more important, explain in detail. List and explain the sources of economic growth. Explain the practical importance of economic growth. Assume an economy is growing at 7% annually; using the rule 70, estimate how long it will take for the economic output of this nation to double in value.

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