Which of the following is the term used to describe the expansion of a country's per capita real GDP?

Question

Quizplus · Accepted Answer

Economic growth refers to the expansion of a country's per capita real GDP, which can result from increases in factors such as labor force size, capital stock, and technological advances. This growth reflects an increase in the availability of goods and services to the population and can result in higher living standards and better economic opportunities. Choice B, technological change, may contribute to economic growth but is not the term used to describe it. Choice C, change in the labor force, can be a factor in economic growth but does not fully describe it. Choice D, change in factor incomes, refers to changes in the distribution of national income but is not directly related to overall economic growth.

Which of the Following Is the Term Used to Describe