Rapid economic growth is important because it
A) makes some people richer
B) eliminates scarcity
C) makes the unemployment rate zero
D) allows the average person to consume more goods and services
E) reduces interest rates

Question

Quizplus · Accepted Answer

Rapid economic growth allows the average person to consume more goods and services. This is because as the economy grows, the standard of living generally improves, leading to higher wages and more disposable income for individuals to spend on goods and services.

Rapid Economic Growth Is Important Because It