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Development Economics TOP Exam Questions and CORRECT Answers

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4.1.1 Distinguish between economic growth and economic developmentEconomic Growth: An increase in the output of goods & services in a nation between two periods of time Economic Development: Improvements in standards of living of a nation measured by income, education and health. 4.1.2 Explain the multidimensional nature of economic development in terms of ...- Reducing widespread poverty - Raising living standards - Reducing income inequalities - Increasing employment opportunities

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