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If an Economy Experiences Economic Growth,does That Mean That Everyone

Question 22

Multiple Choice

If an economy experiences economic growth,does that mean that everyone in that economy will be better off?


A) No,it means that the average person is better off.
B) Yes,that is the definition of economic growth.
C) Yes,but only if there is little immigration during that time period.
D) No,economic growth is not correlated with standards of living.
E) Yes,but only if nominal gross domestic product (GDP) increases.

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