Economics
JAMB 2020
Economic growth is different from economic development because economic growth
-
A.
describes expansion and changes
-
B.
is measurable but not objective
-
C.
describes expansion and not change
-
D.
is not measurable but objective
Correct Answer: Option C
Explanation
Economic Growth is the increase in the real output of the country in a particular span of time. It has to do with the expansion (growth) of the economy.
Economic Development on the other hand has to do with the positive changes that result in the enrichment of living standards and the advancement of technology.
Report an Error
Ask A Question
Download App
Quick Questions
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}