Is It Possible to See Gains in a Nation's Real

question 190

Multiple Choice

Is it possible to see gains in a nation's real standard of living without any positive economic growth?

• A) No. Without economic growth a nation's standard of living cannot improve.
• B) Yes, but only if the government prints more money so people feel wealthier.
• C) Yes. If workers can produce the same level of output in fewer work hours, leisure time gains could push up the real standard of living.
• D) None of the above.

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Definitions:

Regulations

Rules or directives made and maintained by authorities to regulate behavior or ensure standards.

Ecology

The branch of biology that deals with the relations of organisms to one another and to their physical surroundings.

Emerged

Came into being or became noticeable or prominent in a particular context or area.

Inexhaustible Resources

Natural resources that are unlimited in supply and cannot be depleted, such as solar and wind energy.