Which of the Following Statements Is Not True About Economic
Which of the following statements is NOT true about economic growth?
A) When growth occurs the production possibilities curve shifts outward.
B) Growth represents an increase in a nation's productive capacity.
C) Growth is measured as the overall level of real GDP.
D) Growth generally means that overall the members of the nation are better off materially.
Which of the following nations has experienced the highest average annual rate of growth of per capita real GDP since 1990?
B) United States
Per capita real GDP is a measure of
A) economic welfare.
B) cost of living standards.
C) cultural harmony.
D) productive activity.
Which of the following is a benefit of economic growth?
A) reduction in illiteracy
B) reduction in poverty
C) improved health
D) all of the above