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JAMB Economics 2005 Question 45

Question 45

Economic Growth and Development

Economic growth is different from economic development because economic growth

  1. A.describes expansion and change
  2. B.is measurable but not objective
  3. C.describes expansion and not change
  4. D.is not measurable but objective
Show the answer and explanation

Answer: C (describes expansion and not change)

Explanation

Growth is just a rise in output (expansion); development also involves structural and social change such as better health and education.