Question

Which of the following explains the term economic growth _______________.

• A. Increase in per capita production
• B. Increase in per capita real income
• C. Structural change in the economy
• D. All the above are right

Answer 1

The correct option is D All the above are right

Economic growth is how much more the economy produces than it did before. It is nothing but Increase in per capita production, Increase in per capita real income, Structural change in the economy. It is a quantitative measure.