Economic growth can: A

Economics Jun 22, 2021

Economic growth can: A. create jobs. B. reduce poverty. C. improve standards of living. D. All of these statements are true

Expert Solution

Answer

D .

Explanation

An increase in real GDP - an increase in the value of national output, income and expenditure referred to as economic growth. Higher economic growth enables the government to spend more on public services, such as health care and education which improves standard of living, create jobs and reduce poverty. The correct option is D "All of these statements are true".

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