What Is the Difference in the Concepts of Economic Growth

question 18

Multiple Choice

What is the difference in the concepts of economic growth and economic expansion?

• A) Both terms are used interchangeably and refer to quarterly increases in output.
• B) Economic growth refers to the long-tun upward trend in output over a longer period of time,usually more than a decade,which is measured as the average annual change in output over the period.An expansion refers to a shorter time period during which output increases quarter by quarter or year by year.
• C) An expansion refers to the long-tun upward trend in output over a longer period of time,usually more than a decade,which is measured as the average annual change in output over the period.Economic growth refers to a shorter time period during which output increases quarter by quarter or year by year.
• D) Both terms are used interchangeably and refer to the long-tun upward trend in output over a longer period of time,usually more than a decade,which is measured as the average annual change in output over the period.
• E) Economic growth is the term reserved for periods of prosperity in less developed countries while expansion is the term reserved for developed industrial countries.

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Definitions:

Adult Amphibians

Mature stages of amphibians, which typically involve a transition from an aquatic to a terrestrial lifestyle, involving changes in respiration and locomotion.

Urea

A nitrogenous compound produced in the liver from ammonia and carbon dioxide, excreted by the kidneys.

Excretory System

The body system in animals that functions in osmoregulation and in the discharge of metabolic wastes.

Insects

Arthropods with a chitinous exoskeleton, a three-part body (head, thorax, abdomen), three pairs of jointed legs, compound eyes, and one pair of antennae.