Question

Which of the following are characteristics of economic growth?
1.) a decrease in the population growth rate
2.) an increase in the number of goods produced
3.) a decline in export and import trade relations
4.) the creation of employment opportunities

Answer 1

The correct answer is 2 and 4.

2. Increase in the number of goods produced.

4. Creation of employment opportunities.

There are other characteristics which have economic growth. For example,

1. Prosperity to trade.

2. Limited spread of economic growth.

3. increase in total factor of productivity.

4. High rates of growth per capita population and output.

5. Higher rate of transformation of structural of the economy.

Answer 2

The correct answer is 2 and 4.

2. Increase in the number of goods produced.

4. Creation of employment opportunities.