Question

Economic growth indicates ____________.

• A. process to increase the country's national income over a period of time
• B. increase in the national income in the long term along with human resource development
• C. both 1 and 2
• D. neither 1 nor 2

Answer 1

Answer: (A)

process to increase the country's national income over a period of time

Economic growthis the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms.