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The primary reason for desiring economic growth is to

Economics
JAMB 2012

The primary reason for desiring economic growth is to

  • A. control inflation
  • B. reduce poverty
  • C. redistribute income
  • D. raise standard of living
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Correct Answer: Option D
Explanation

While options B (reduce poverty) and C (redistribute income) are important goals, the overarching aim of economic growth is to increase the overall standard of living for the population by providing more resources, jobs, and opportunities and this is the most direct goal of economic growth.


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