A country's rate of economic growth is important because A. an economy that grows too slowly is always involved in human rights violations. B. a slowly growing economy experiences very slow growth in population. C. an economy that grows too slowly fails to raise the living standards of its citizens. D. a slowly growing economy always invades its neighboring countries in search of wealth.

Question

Social Studies

Josiah Webster

29 May, 06:21

A country's rate of economic growth is important because A. an economy that grows too slowly is always involved in human rights violations. B. a slowly growing economy experiences very slow growth in population. C. an economy that grows too slowly fails to raise the living standards of its citizens. D. a slowly growing economy always invades its neighboring countries in search of wealth.

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Answers (1)

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Jaidyn Woodard · Answer 1

Answer: Option C

Explanation: In simple words, rate of economic growth refers to the change in a country's gross domestic product from one year to another. GDP refers to the market value of goods and services produced by an economy in a particular time period, generally a year.

An economy who do not increase its GDP with a speedy rate cannot fulfill the increasing requirements and expectations of its citizens. A lower rate of economic growth will decrease the standard of living and increase the cost of living.

Hence from the above we can conclude that the correct option is CC