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- Subject
- Economics Mcqseconomics-mcqs
- Published
- 3 Jun 2024
- Last updated
- 28 May 2026
In the field of development economics, who stated, "Economic growth means more output"?
Multiple choice question for Economics Mcqs. Select an option, then review the explanation below.
Explanation
The statement "Economic growth means more output" was made by Kindleberger. He further clarified that economic development involves not only increased output but also modifications in the technical and institutional frameworks that produce it.
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Practice related questions from the same subject.
- 1.According to the World Bank, countries are grouped into four categories based on which of the following criteria?
- 2.Automatic stabilizers belong to which category of economic policy tools?
- 3.What is the likely effect of an increase in the money supply?
- 4.Which economic concept illustrates the inverse connection between inflation and unemployment?
- 5.Which of the following does not constitute a part of the Gross Domestic Product (GDP)?