Explain two benefits of an increase in world output [4]

1.	Explain two benefits of an increase in world output [4]
Answer» Answer: Economic growth means an increase in real GDP – an increase in the value of national output, income and expenditure. Essentially the BENEFIT of economic growth is HIGHER living standards – higher real incomes and the ability to DEVOTE more resources to areas like health care and education. Explanation: please MARK me as brainlist and give me 5 star

Answer»

Answer:

Economic growth means an increase in real GDP – an increase in the value of national output, income and expenditure. Essentially the BENEFIT of economic growth is HIGHER living standards – higher real incomes and the ability to DEVOTE more resources to areas like health care and education.

Explanation:

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Explain two benefits of an increase in world output [4]​

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Explain two benefits of an increase in world output [4]