Economic growth means:

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in the production of goods and services in an economy. This can result in increased consumption and a higher standard of living for individuals within the economy. Economic growth can also lead to an increase in tax revenues if the government collects taxes on the increased production. Therefore, choice A is the best answer. Choices B and C are not necessarily true, as economic growth does not guarantee the maintenance of standards of living or that all citizens will be better-educated. Choice D is also not necessarily true, as tax revenues can increase or decrease depending on how the government collects taxes on the increased production.

Economic Growth Means