When an economy's overall production grows faster than its population, it is undergoing:

Name: When an economy's overall production grows faster than its population, it is undergoing:
Brand: Quizplus
Rating: 4.9 (60 reviews)

Question

Quizplus · Accepted Answer

Long-run growth per capita occurs when the economy's overall production, as measured by its real GDP, is growing faster than its population. This means that there is an increase in the production of goods and services per person, which can lead to higher standards of living and economic well-being over time.

When an Economy's Overall Production Grows Faster Than Its Population