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WAEC Economics 1996 Question 34

Question 34

Economic Growth and Development

Economic growth specifically refers to the

  1. A.reliance on imported goods in preference to home-made goods
  2. B.sustained increase in the output of goods and services per head
  3. C.changes in technical and institutional arrangements of the economy
  4. D.continued increase in the depletion of a country's natural resources
  5. E.increase in the total number of people in the economy
Show the answer and explanation

Answer: B (sustained increase in the output of goods and services per head)

Explanation

Economic growth is a sustained rise in real output (GDP) per head.