Question 35
Economic Growth and DevelopmentEconomic development is distinguishable from economic growth because the former
- A.is not concerned with growth parameters
- B.affects only the poor people
- C.also includes an efficient distribution of economic growth
- D.is an increase in the production of goods and services
Show the answer and explanation
Answer: C (also includes an efficient distribution of economic growth)
Explanation
Growth is just a rise in output; development also means the gains are shared so that living conditions improve for the people.