What is the main cause of economic growth?
2 answers:
Answer:
Economic growth means there is an increase in national output and national income. Economic growth is caused by two main factors: An increase in aggregate demand (AD) An increase in aggregate supply (productive capacity)
Explanation:
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Answer:
Increase in aggregate demand (AD),
An Increase in aggregate supply (productive capacity)
Explanation:
Economic growth means an increase in real GDP. Economic growth means there is an increase in national output and national income.
Economic growth is caused by two main factors:
An increase in aggregate demand (AD)
An increase in aggregate supply (productive capacity)
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