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WAEC Economics 1992 Question 13

Question 13

Economic Growth and Development

Economic growth is the

  1. A.rate of increase in a country's full employment and real output
  2. B.rate of increase in a nation's total population
  3. C.rate of increase in inflation
  4. D.growth in birth rate.
Show the answer and explanation

Answer: A (rate of increase in a country's full employment and real output)

Explanation

Economic growth is the rise over time in a country's real output (real GDP).