Economics (AS & A Level) · Oct / Nov 2021 · Paper 32 · Question 18
9708Economic growth
Which statement about economic growth is not correct?
- AEconomic growth creates costs as well as benefits.
- BLong-term economic growth is measured by calculating the percentage increase in GDP for one year.
- CShort-term economic growth can be represented by a shift from a point within a production possibility curve to a point on the curve.
- DSustainable economic growth is growth that does not reduce the resources available to future generations.
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Correct answer: B. Long-term economic growth is measured by calculating the percentage increase in GDP for one year.
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