Economic growth has occurred if:
A) the maximum amount of production in an economy has increased.
B) idle resources have been put to use.
C) the amount of resources and technology available has decreased.
D) opportunity costs have have decreased.

Question

Quizplus · Accepted Answer

Economic growth is defined as an increase in the maximum amount of production an economy can achieve, typically due to an increase in resources or improvements in technology.

Economic Growth Has Occurred If