Question

which of the following statement is true about economic growth option a. economic growth helps to decrease the poverty b.economic growth helps to increase the poverty c.economic growth helps to increase the unemployment c. none of the above ​

Answer 1

Answer:

1 . economic growth helps to decrease the poverty.

2. economic growth helps to increase the poverty.

3. economic growth helps to increase the unemployment.

4. none of these

Answer 2

The right answer to the given question is Option a.

• Economic growth is defined as an increase in production by capita.
• Economic development has an influence on the country's overall development.
• The advancement of a country is measured not only in terms of how technologically sophisticated the economy and market are but also in terms of citizen employment.
• Financial stability and employment for all individuals are essential economic growth indicators. In addition, everyone should be able to meet their fundamental necessities.
• Poverty is reduced as a result of this.
• More economic growth in the rural sector increases their standard of living.
• Everyone can satisfy their fundamental necessities and afford to do so, owing to technical advancements, agriculture, and education, among other things.
• All of this contributes to economic growth and poverty reduction.