what does economic growth mean?
a) increase in per capita income of the society
b) decrease in per capita income of the society
c) increase in per capita expenditure of the society
d) increase per capita savings in society
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✓a) increase in per capita income of the society
Economic growth is an increase in the production of economic goods and services, compared from one period of time to another. ... Traditionally, aggregate economic growth is measured in terms of gross national product (GNP) or gross domestic product (GDP), although alternative metrics are sometimes used.
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