When economists talk about growth, they generally mean A. All of the answers are correct. B....

When economists talk about growth, they generally mean

A. All of the answers are correct.

B. an increase in median income

C. an increase in per capita real GDP

D. a more equal distribution of income

Solutions

Expert Solution

Answer to the above-mentioned question is an option C that is an increase in per capita and real GDP.

Explanation

When there is an inclination in the exposition services and goods which is compared between one tenure to another tenure or period of time is termed as Economic Growth. So the economist talk about Growth in the service and goods will incline the real GDP and per capita.

Rahul Sunny answered 2 years ago

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