Question

Which of these is the BEST example of economic growth? *

PPC Model

consumption makes up 2/3 of GDP

movement toward the origin of the PPC Model

change in output of +3%

less than 85% capacity and 95% employment

Answer 1

change in output of +3%

Step-by-step explanation:

Economic Growth is the increase in level of economic activity, increase in level of goods & services produced in an economy.

So, the best example of economic growth is 'change in output of +3%' as it illustrates the case given in above statement.

Consumption proportion, movement towards ppc origin (better efficient resource utilisation), better capacity & employment - are not the direct parameters of economic growth.