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JAMB Economics 1999 Question 44

Question 44

Economic Growth and Development

Economic development may be defined as economic growth

  1. A.in a given country
  2. B.over a long period
  3. C.and improved health facilities
  4. D.and improved distribution of wealth
Show the answer and explanation

Answer: D (and improved distribution of wealth)

Explanation

Development is more than growth in output: it also needs the benefits to be shared more fairly and living standards to improve.