Which of the following is the best definition of economic growth?
A)The opportunity cost of capital
B)The investment in capital and consumption goods by an economy
C)The opportunity cost of consumption
D)The sustained expansion of production possibilities
E)Increased development of land and entrepreneurship

Question

Quizplus · Accepted Answer

Economic growth refers to the expansion of a country's production possibilities, which can be sustained over time. This means that an economy is able to produce more goods and services, and therefore increase its overall output. Economic growth can be achieved through various means, such as increased investment in capital, technological advancements, and improvements in the efficiency of production.

Which of the Following Is the Best Definition of Economic