Question

Which of these is an example of the broad economic goal of growth? A. Bank failures spark a wave of new loan regulations by the Federal Reserve. B. Gender-gap income reports spark a wave of new equal-pay laws by Congress. C. The federal government awards technology development contracts to U.S. businesses. D. The United States encourages clothes manufacturers to find low-price assembly overseas.

Answer 1

“The federal government awards technology development contracts to U.S. businesses” is an example of the broad economic goal of growth.

 

Equity or economic equality is the concept or idea of fairness in economics, particularly in regard to taxation or welfare economics.

 

The correct answer between all the choices given is the third choice or letter C. I am hoping that this answer has satisfied your query and it will be able to help you in your endeavor, and if you would like, feel free to ask another question.

 

Answer 2

Economic Growth refers to increasing the production of goods and services over time. Economic growth is measured by changes in the level of real gross domestic product (GDP). A target annual growth rate of 3 to 4 percent in real GDP is generally considered to be reasonable and sustainable.

The federal government awards technology development contracts to U.S. businesses is an example of the broad economic goal of growth.