What type of economy do you have if the Gross Domestic Product (GDP) is growing?
Understand the Problem
The question is asking about the type of economy associated with a growing Gross Domestic Product (GDP). It implies a relationship between GDP growth and economic conditions.
Answer
Strong
The final answer is Strong.
Answer for screen readers
The final answer is Strong.
More Information
When Gross Domestic Product (GDP) is growing, it indicates the economy is doing well, with increased production, more jobs, and generally a stronger economy.
Tips
A common mistake is assuming growth implies inflation, but GDP growth alone doesn't specify inflationary pressures.
Sources
- Gross Domestic Product: An Economy's All - imf.org
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