Answer
Economic growth is measured by real GDP and real GDP per capita. Economic growth is important because it will be able to better meet people’s wants and resolve socioeconomic problems. Provide richer opportunities to individuals and families without sacrificing other opportunities and pleasures. Can undertake new programs to alleviate property, embrace diversity cultivate the arts and protect the environment. Growth lessens the burden of scarcity. Because compounding growth rate will provide huge outcomes for the next several decades.
Work Step by Step
Economic growth is measured by real GDP and real GDP per capita. Economic growth is important because it will be able to better meet people’s wants and resolve socioeconomic problems. Provide richer opportunities to individuals and families without sacrificing other opportunities and pleasures. Can undertake new programs to alleviate property, embrace diversity cultivate the arts and protect the environment. Growth lessens the burden of scarcity. Because compounding growth rate will provide huge outcomes for the next several decades.
