Economics 9708 · AS & A Level · Unemployment

Unemployment — practice question

Which of the following statements about economic growth is not correct?

  • AEconomic growth creates costs as well as benefits.
  • BLong-term economic growth is measured by calculating the percentage increase in GDP for one year.
  • CShort-term economic growth can be represented by a shift from a point within a production possibility curve to a point on the curve.
  • DSustainable economic growth is growth that does not reduce the resources available to future generations.

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