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Economic Growth and Measurement Quiz

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What does economic growth mean in simplest terms?

Decrease in market value of goods and services

Increase in availability of resources for more people (correct)

Reduction in access to public goods

Increase in government control over resources

According to the United Nations University World Institute for Development Economics Research, what is the basis for reducing poverty and increasing access to public goods?

Global trade agreements

Enhanced political influence

Increased government regulations

Strong economic growth (correct)

How is economic growth used to fuel social progress?

By limiting access to public goods

By promoting political conflicts

By increasing inflation-adjusted market value of goods and services

By generating more resources for more people (correct)

What can sustain economic growth according to the text?

<p>Benefits flowing to a broad group of people (A)</p> Signup and view all the answers

How is economic growth defined?

<p>Increase in inflation-adjusted market value of goods and services (B)</p> Signup and view all the answers

Economic Growth and Measurement Quiz

Choose a study mode

Podcast

Questions and Answers

What does economic growth mean in simplest terms?

According to the United Nations University World Institute for Development Economics Research, what is the basis for reducing poverty and increasing access to public goods?

How is economic growth used to fuel social progress?

What can sustain economic growth according to the text?

How is economic growth defined?

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