Real standards of living can increase
A) if the country is producing the same amount they traditionally have and are enjoying more leisure time.
B) only if there is positive economic growth.
C) if there is positive growth in the manufacturing sector.
D) only at the cost of increased urban congestion.
Correct Answer:
Verified
Q40: Economic growth is measured by
A) increases in
Q41: Suppose two countries have per capita real
Q42: Suppose two countries have identical growth rates
Q43: Q44: Q46: Q47: Q48: The reason that differences in economic growth Q49: Economic growth may overstate changes in the Q50: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents