The Text Defines Economic Development as

question 110

Multiple Choice

The text defines economic development as

• A) a sustained increase in real GDP per person.
• B) an increase in the general standard of living resulting from the real process of economic growth.
• C) a process that produces sustained gains in per capita GDP.
• D) a process that produces sustained and widely shared gains in per capita real GDP.

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Definitions:

Knowledge

Information, understanding, or skill acquired through experience or education; the theoretical or practical understanding of a subject.

Immanuel Kant

A German philosopher who is a central figure in modern philosophy, best known for his works in epistemology, ethics, and aesthetics.

Happiness

A state of well-being characterized by emotions ranging from contentment to intense joy.

Morality

In general, the rules for right action and prohibitions against wrong acts. Sometimes the term is understood to refer to a single set of absolute rules and prohibitions that are valid for all people at all times and in all societies. More loosely, a morality can be any set of ultimate principles and practices basic to a society.