Question 42
Economic Growth and DevelopmentThe major objective of economic growth is to
- A.redistribute income and other benefits of growth
- B.equalize opportunities for education and employment
- C.increase the aggregate expenditure on goods and services
- D.increase the real per capita income.
Show the answer and explanation
Answer: D (increase the real per capita income.)
Explanation
Economic growth aims to raise the real output, and so real income, per person.