Which of the following is the closest to the concept of economic development? a. economic growth accompanied by an improvement in the people’s quality of life. b. economic growth without improvement in the quality of lives of the people. c. economic growth due to increased GDP per capita. d. GDP per capita only.
Which of the following is the closest to the concept of economic development? a. economic growth accompanied by an improvement in the people’s quality of life. b. economic growth without improvement in the quality of lives of the people. c. economic growth due to increased GDP per capita. d. GDP per capita only.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Which of the following is the closest to the concept of economic
development?
a.
quality of life.
b. economic growth without improvement in the quality of lives of the
people.
c. economic growth due to increased GDP per capita.
d. GDP per capita only.
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