Question

Discuss the difference economic growth and economic development. {3 point in each} i'll give u brainliest if perfect

Answer 1

Economic growth means an increase in real national income / national output. Economic development means an improvement in the quality of life and living standards, e.g. measures of literacy, life-expectancy and health care. Ceteris paribus, we would expect economic growth to enable more economic development.

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Answer 2

Answer:

Figure attached.

Explanation:

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