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 change in per capita GDP over time
E) None of these answers are correct.

Question

Quizplus · Accepted Answer

The study of economic growth focuses on understanding the changes in per capita GDP over time, which is a measure of the total output of goods and services produced in relation to the number of people in an economy. Price changes, short-term changes in per capita GDP, and population growth are important factors but not the main focus of studying economic growth.

The Study of Economic Growth Concentrates on Understanding the Determinants