A country that shows an improvement in broader measures of the quality of life but not an increase in its productive capacity experiences:
A) both economic growth and economic development.
B) economic growth but no economic development.
C) economic development but no economic growth.
D) neither economic growth nor economic development.

Question

Quizplus · Accepted Answer

Economic development involves improvements in a variety of indicators such as literacy rates, life expectancy, and poverty rates, which reflect an improvement in the quality of life. Economic growth, on the other hand, refers to an increase in the productive capacity of an economy, often measured by an increase in its GDP. Since the scenario describes an improvement in the quality of life without an increase in productive capacity, it indicates economic development without economic growth.

A Country That Shows an Improvement in Broader Measures of the Quality