Question

An increase in the production of goods and services in an economy is called .

• A. economic development
• B. economic growth
• C. per capital income
• D. standard of living

Answer 1

The correct option is B economic growth

<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}--> An increase in the production of goods and services in an economy is called economic growth. This is because it creates more employment opportunities, which means that the people will have a higher level of income, comfort, and other material goods.