Which of the following is a desirable characteristic in an economy?
A) growing per-capita output
B) rapid increase in the general price level
C) population growing the same rate as output
D) population growing faster than output

Question

Quizplus · Accepted Answer

Growing per-capita output indicates an expanding economy with increasing prosperity, which is generally viewed as a desirable characteristic. B is not desirable because rapid increase in the general price level indicates inflationary pressures. C and D are not necessarily desirable or undesirable, but they do not directly reflect the overall health or success of an economy.

Which of the Following Is a Desirable Characteristic in an Economy