Which of the following is a characteristic of economic growth?

Question

Quizplus · Accepted Answer

Economic growth is generally measured through the increase in gross domestic product (GDP).

Answer: A (partially true)
 Economic growth tends to put pressure on the quantity and quality of natural capital, as increased economic activity often leads to greater consumption of natural resources. However, some argue that economic growth can also lead to more sustainable practices if companies invest in renewable resources and eco-friendly technologies.

Answer: D (partially true)
 While GDP is the most common measure of economic growth, there have been efforts to incorporate social and environmental well-being into economic indicators, such as the Genuine Progress Indicator (GPI). However, these alternative measures are not yet widely used.

B is not a characteristic of economic growth, but rather the opposite. Economic growth often entails an increase in the consumption of matter and energy resources through greater industrial activity and production.

Which of the Following Is a Characteristic of Economic Growth