A sustained increase in the amount of goods and services produced is known as:
A) allocative efficiency.
B) productive efficiency.
C) minimizing opportunity costs.
D) economic growth.

Name: A sustained increase in the amount of goods and services produced is known as: A) allocative efficiency. B) productive efficiency. C) minimizing opportunity costs. D) economic growth.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Economic growth is defined as a sustained increase in the amount of goods and services produced in an economy over a period of time.

A Sustained Increase in the Amount of Goods and Services