12:51 AM Tue Dec 15 <
UTE
the definition below the sentence.
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• Increase in the
amount of goods
and services
4
allows people to things found in
snd work in which nature land,
they can succeed water, oil, trees
1. Economic growth is important to the well-being of a country's citizens
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and interary
2 The United States has a large supply of natural resources.
3. The free enterprise system is a main reason for economic growth
4. Economic growth could not take place without the use of technology
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The Gross National Product
The growth of the American economy is measured yearly. The total dollar value
of all goods and services (such as cars, houses, and repairs) is added up. This
total is called the Gross National Product (GNP). In some years, certain
products will sell better than in other years. Businesses rely on the GNP to know
what to expect in the way of future sales of their products or services.
Companies can tell what products are selling well. This knowledge helps
businesses to decide what and how much to produce in the future.
8000
TOTAL UNITED STATES GNP, 1960-1999
7000
6000
5000
in billions of dollars)
4000
3000
2000
1000
0
1960
1970
1980
1990
1905 1999
44
UNIT 4 ECONOMIC GROWTH
Choose the correct definition from the box for the italized terminesche