Answered

Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Economic growth:

A. does not affect living standards at all.

B. has a relatively small effect on living standards over long periods of time.

C. has a relatively large effect on living standards over long periods of time.

D. is the sole determinant of living standards over any time period.

Sagot :

GinnyAnswer

Final answer:

Economic growth is a key factor that influences the standard of living in a country.


Explanation:

Economic growth ultimately determines the prevailing standard of living in a country. Economists measure growth by the percentage change in real gross domestic product. A growth rate of more than 3% is considered good.


Learn more about Economic growth and living standards here:

https://brainly.com/question/13676029


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.