Ceteris paribus,economic growth involves an:

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in the production of goods and services in an economy. This leads to an expansion of the production possibilities, allowing for the possibility of producing more goods and services in the future. Economic growth does not necessarily require an increase in imports, government spending or inflation, although these factors may be associated with economic growth in some cases.

Ceteris Paribus,economic Growth Involves An