Economics · Economic Growth vs Development Concepts
According to Charles P. Kindleberger, economic growth specifically refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Qualitative improvement in institutional frameworks
- 2An increase in aggregate real output✓
- 3Technological innovation and social changes
- 4Structural transformation in production and institutions
Correct answer
An increase in aggregate real output
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