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What does economic growth mean in simplest terms?
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?
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?
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?
What can sustain economic growth according to the text?
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How is economic growth defined?
How is economic growth defined?
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