'Long-term economic growth' is a term used to describe the:

Question

Quizplus · Accepted Answer

Long-term economic growth refers to the increasing trend in real GDP per capita over time. This means that the economy is producing more goods and services per person and is able to sustain higher levels of living standards. Falling unemployment rates, rising price levels, and more rapid growth in population than of real output are not necessarily indications of long-term economic growth.

'Long-Term Economic Growth' Is a Term Used to Describe The