Economic growth occurs when
A)a large part of a country's population is poor.
B)a society sacrifices an amount of one good for more of another along its production possibility frontier.
C)a society acquires additional resources or when its technology advances.
D)there is unemployment of labor but other resources are used efficiently.
E)the combinations of goods and services that can be produced decreases.

Question

Quizplus · Accepted Answer

Economic growth occurs when a society acquires additional resources or when its technology advances. This allows for an increase in the production of goods and services, leading to an overall increase in GDP and standards of living.

Economic Growth Occurs When