Economists are interested in long-term economic growth because growth increases real GDP per person and improves our standard of living.

Question

Quizplus · Accepted Answer

Economists focus on long-term economic growth because it leads to an increase in real GDP per capita, which is closely associated with improvements in the standard of living, including better access to goods and services, healthcare, and education.

Economists Are Interested in Long-Term Economic Growth Because Growth Increases