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Which of the following is NOT a necessary precondition for economic growth?
Real GDP
Gross Domestic Product adjusted for inflation, providing a more accurate representation of an economy's size and how it's grown over time.
Economic Welfare
A broad measure that evaluates the standard of living and overall well-being of people within an economy.
Qualitative Improvements
Enhancements to the features, performance, or quality of a product or service that go beyond mere quantitative changes.
Economic Welfare
The overall well-being and standard of living of people in an economy, measured through factors such as income, employment, and access to goods and services.
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