The Sustained Expansion of Production Possibilities Is Called

question 228

Multiple Choice

The sustained expansion of production possibilities is called

• A) economic investment.
• B) production expansion.
• C) opportunity cost of growth.
• D) economic growth.
• E) production possibilities.

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Definitions:

National Incomes

The total earnings from production and services by residents of a country, within a specific time period, including wages, profits, and taxes less subsidies.

Low-Income DVCs

Developing countries with low levels of income per capita, often characterized by economic vulnerabilities.

Demographic Transition View

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Population Growth

The increase in the number of individuals in a population, due to factors like birth rates exceeding death rates.