An increase in output or real GDP is
A)The inequality trap.
B)Productivity growth.
C)Economic growth.

Question

Quizplus · Accepted Answer

An increase in output or real GDP is known as economic growth. Productivity growth is a component that may contribute to economic growth, but it is not the same as overall economic growth. The inequality trap refers to a situation where economic growth only benefits a small subset of the population, leading to increased income inequality and potential social and political unrest.

An Increase in Output or Real GDP Is