For economic growth to ________, the rate of growth must exceed the rate of population increase.
A) result from a decrease in the labor force
B) occur with increasing unemployment levels
C) increase living standards
D) all of the above

Question

Quizplus · Accepted Answer

Economic growth is a measure of the increase in goods and services produced in an economy, which leads to increased living standards. However, if the rate of population growth exceeds the rate of economic growth, this can lead to a decrease in living standards as there are not enough resources to meet the needs of the growing population. Therefore, for economic growth to result in an increase in living standards, the rate of growth must exceed the rate of population increase. Choices A and B are incorrect as they suggest economic growth can occur in the absence of an increase in labor force or increasing unemployment levels, which is not necessarily the case.

For Economic Growth to ________, the Rate of Growth Must