An upward trend in real national income over an extended period of time is called
A)an inflationary boom.
B)aggregate output.
C)constant-dollar national income.
D)potential national income.
E)economic growth.

Question

Quizplus · Accepted Answer

An upward trend in real national income over an extended period of time is known as economic growth. This means that the country's production of goods and services is increasing, leading to an overall increase in the standard of living for its citizens.

An Upward Trend in Real National Income Over an Extended