Economics · May / June 2023 · Paper 12 · Question 21
2281Economic growth
The table shows real GDP in US$ billion for a country over a three-year period. What does the GDP data indicate for the country between year 1 and year 3?
- Aa reduction in the rate of inflation
- Ban increase in the rate of economic growth
- Cthe existence of economic growth
- Dthe existence of economic growth per capita
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Correct answer: C. the existence of economic growth
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