How Does Economic Growth Impact the Output of Goods and Services

question 13

Multiple Choice

How does economic growth impact the output of goods and services in an economy and the quantity of goods that citizens will have to consume?

• A)It increases output resulting in less goods for consumption.
• B)It decreases output resulting in less goods for consumption.
• C)It decreases output resulting in more goods for consumption.
• D)It increases output resulting in more goods for consumption.

---

Definitions:

Economic Differences

The variations in economic conditions and outcomes among different regions, populations, or time periods, often studied to improve economic policies.

Salvage Value Proportions

Estimated residual value of an asset after its useful life, represented as a portion of its original cost.

Artificial Differences

Discrepancies or variations that result from inconsistent application of rules or criteria, not reflecting true differences.

Technical Feasibility

An assessment of whether a proposed technology or project can be implemented with existing technical resources and how it can meet the requirements of the project.