The process of economic growth is
A)Not affected by previous year's growth.
B)Cumulative,whereby gains made in one year accumulate in future years.
C)Not important to economists.
D)Constantly occurring in the United States.

Question

Quizplus · Accepted Answer

Economic growth is cumulative, meaning that gains made in one year can accumulate and contribute to growth in future years. This is because investments in technology, education, and infrastructure, among other things, can have a positive impact on productivity and the overall economy in the long run.

The Process of Economic Growth Is