Question

Economic growth refers to which of the following?

• A. General increase and improvement in production, employment, income, and standard of living
• B. Only an increase in population
• C. Only technological advancement
• D. Only industrial expansion

Answer 1

Answer:

A. General increase and improvement in production, employment, income, and standard of living

• Economic growth covers broad aspects such as increased production, more employment, higher incomes, and better living standards.