Question

What are some examples of economic growth?

Answer 1

Answer:

Economic growth is defined as an increase in a nation's production of goods and services. An example of economic growth is when a country increases the gross domestic product (GDP) per person. The growth of the economic output of a country. As a result of inward investment Eire enjoyed substantial economic growth.

Explanation:

Sources of Economic Growth

Natural Factors. More land and raw materials should lead to an outward shift of PPF and thus an increase in potential growth. ...

Human Factor. The quantity of labour is a factor that contribute to growth. ...

Physical Capital. ...

Institutional Factor.

Answer 2

Answer:

An example of economic growth is when a country increases the gross domestic product per person.