Economic growth implies that:

Name: Economic growth implies that:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Economic growth is typically measured by the increase in the total value of goods and services produced by an economy, which is represented by an increase in the Gross Domestic Product (GDP) or Gross National Product (GNP). This does not necessarily imply that prices have risen (inflation), that per capita GDP has declined, or that resources have become more limited.

Economic Growth Implies That