QuestionAugust 16, 2025

Economic growth can cause an increase in standards of living A True B False

Economic growth can cause an increase in standards of living A True B False
Economic growth can cause an increase in standards of living
A True
B False

Solution
3.2(282 votes)

Answer

A True Explanation 1. Define Economic Growth Economic growth refers to an increase in the production of goods and services over a certain period, typically measured by GDP. 2. Link to Standards of Living An increase in GDP often leads to higher income levels, which can improve access to goods, services, healthcare, and education, thereby raising living standards.

Explanation

1. Define Economic Growth<br /> Economic growth refers to an increase in the production of goods and services over a certain period, typically measured by GDP.<br />2. Link to Standards of Living<br /> An increase in GDP often leads to higher income levels, which can improve access to goods, services, healthcare, and education, thereby raising living standards.
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