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WAEC Economics 2006 Question 43

Question 43

Economic Growth and Development

An increase in the quantity of goods and services produced in a country which raises her national income is known as

  1. A.economic development
  2. B.economic growth
  3. C.domestic investment
  4. D.productivity
Show the answer and explanation

Answer: B (economic growth)

Explanation

Economic growth is a rise in a country's output and national income; development also includes better living standards.