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Economics
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1 Oct 2019

This is the increase in the value of the goods and services produced by an economy:

 

I.  Economic growth 

II. Unsustainable growth

III. Sustainable growth 

IV. Uneconomic growth

 

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Nelly Stracke
Nelly StrackeLv2
1 Oct 2019

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Related questions

An economy that does not experience increases in technological progress:
 
(i) can sustain strong levels of economic growth as long as the economy continues to increase capital.
(ii) can experience economic growth by increasing capital, however, this will eventually stagnate and the economy will not continue to grow.
(iii) will not be able to experience any economic growth even with increases in capital.
(iv) will not be able to create economic growth unless the country has an increase in the labor force, either by population growth or immigration.
The economy of the Gilded Age was characterized by:
 
(i) economic growth and high unemployment among unskilled workers.
(ii) a deep recession in which high unemployment fueled massive and rebellious social change.
(iii) slow economic growth and high unemployment among the middle class.
(iv) rapid economic growth and social change.

Which of the following statements about economic growth is correct?

A. Economic growth is the same as economic development

B. Economic growth is qualitative in nature

C. Economic growth is not essential for a country

D. Economic growth is an increase in the value of goods and services produced

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