The study of economic growth concentrates on understanding the determinants of
A)the rate of price changes.
B)the short-term change in per capita GDP.
C)the rate of population growth.
D)the long-term change in per capita GDP.
E)none of the above.

Question

Quizplus · Accepted Answer

The study of economic growth focuses on understanding the long-term change in per capita GDP, which measures the average income per person in an economy. It is important to understand the determinants of economic growth in order to promote sustained increases in living standards over time.

The Study of Economic Growth Concentrates on Understanding the Determinants