High rates of economic growth are clearly related to high rates of

Question

Quizplus · Accepted Answer

High rates of economic growth are generally associated with technological change, as this allows for greater efficiency in production and increased output. High growth rates can also have negative consequences such as inflation, but this is not a direct result of growth. Unemployment and taxes on profits can also impact economic growth, but are not necessarily directly related. Consumption levels can vary independently of the overall rate of economic growth.

High Rates of Economic Growth Are Clearly Related to High