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1.     Explain how we measure economic growth and discuss three specific things that government could do...

1.     Explain how we measure economic growth and discuss three specific things that government could do to improve economic growth in the long run.

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Answer #1

Economic growth is an increase in production of goods and services in the specific time period.We measure economic growth by Gross Domestic Product because it is the best way. It takes into account the country's entire economic output.It includes all goods and services that businesses in the country produce for sale.It does not matter whether they are sold domestically or overseas.

The best methodS to increase economic growth in long run, a government can focus on expansive fiscal policy .The next process can be by monetary policy.It can increase money supply by low interest rates.

Third will be by focus on exporting more than importing.

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