Rapid economic growth has increased the economic well-being of U.S.citizens because

Question

Quizplus · Accepted Answer

Rapid economic growth means that the output of goods and services has increased at a faster rate than the population. This results in an increased availability of goods and services for citizens, leading to an improvement in economic well-being. A higher output also means that there could be job opportunities, which could lead to an increase in incomes for some people. Option A is incorrect because inflation could have increased, making goods and services more expensive. Option B is incorrect because the increase in the dollar's value may not correspond with an improvement in economic well-being. Option D and E are incorrect because they do not necessarily imply an improvement in economic well-being.

Rapid Economic Growth Has Increased the Economic Well-Being of U