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What is the key difference between economic growth and economic development?
A
Output does not show whether people gain longer lives, better schooling or usable services.
B
Economic growth is higher output; economic development is improved living standards, health, education and opportunities.
C
It keeps adults in work and children alive to receive education.
D
- Extra output reaches only a small group.
- Resources are sold without leaving lasting benefits.
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4.4.2 Measuring development Flashcards
26 flashcards on OCR GCSE Economics 4.4.2 Measuring development: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.