More growth in an economy always leads to a reduction in poverty rates.

Name: More growth in an economy always leads to a reduction in poverty rates.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Economic growth does not always lead to a reduction in poverty rates because the benefits of growth may not be evenly distributed across all segments of the population. Growth can sometimes increase inequality if the gains are concentrated among the wealthier individuals, leaving the poor behind.

More Growth in an Economy Always Leads to a Reduction