Question:
Many governments adopt sustainable economic growth as a macroeconomic policy objective. What is meant by sustainable economic growth?
(1) Increasing the current productive potential of the economy as fast as possible
(2) Increasing the current productive potential of the economy by using only low-cost resources
(3) Increasing the current productive potential of the economy without reducing future productive potential
(4) Increasing the future productive potential of the economy as fast as possible
(5) Increasing the current productive potential to minimize the economy’s dependence on natural resources
Correct Answer:
(3)
Answer Explanation:
Sustainable growth is defined by the Brundtland Commission as development that meets the needs of the present without compromising the ability of future generations to meet their own needs.
Topic: Economic Growth Year: 2023
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