The best definition for economic growth is

Question

Quizplus · Accepted Answer

Economic growth is best defined as a sustained expansion of production possibilities measured as the increase in real GDP over a given period. Real GDP accounts for inflation and reflects the actual change in the quantity of goods and services produced, making it a more accurate measure of economic growth. The expansion of production possibilities refers to the ability of an economy to produce more goods and services in the long run, which leads to higher standards of living and improved overall welfare.

The Best Definition for Economic Growth Is