GCE Economics 2024 Objective — Question 42
Question 42 of 50 from the General Certificate of Education (GCE) Economics 2024 Objective paper, with the correct answer and a full explanation.
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An increase in a country's production capacity usually leads to economic
- A. A. development
- B. B. stability
- C. C. growthCorrect
- D. D. efficiency
Explanation
Economic growth is an increase in output of goods and services produced in a country over a particular period of time usually a year. It is a quantitative increase in the amount of goods and services produced in an economy. Economic growth is an important step towards the economic development.
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