JAMB 2020 Economics · Question 29

Economic growth is different from economic development because economic growth

Options

  1. A.describes expansion and changes
  2. B.is measurable but not objective
  3. C.describes expansion and not change
  4. D.is not measurable but objective

Answer: C. describes expansion and not change

Explanation written with AI and checked against the answer key

Step 1: Analyze the question The question asks how economic growth differs from economic development, so we need the feature that belongs to growth alone.

Step 2: Explain the concepts

  • Economic growth is a quantitative increase in an economy's output, usually measured by the rise in real GDP or GNP over time. It describes expansion in size only.
  • Economic development is broader. It includes growth plus qualitative changes: better living standards, health, education, income distribution, and improved institutions and technology.

So growth is about expansion (more output), while development is about expansion and structural or social change.

Step 3: Evaluate the options

  • A. Describes expansion and changes: This describes development, which covers both. Growth does not capture the changes.
  • B. Is measurable but not objective: Growth is measured with statistics like GDP, so it is both measurable and objective. This is wrong.
  • C. Describes expansion and not change: Growth refers only to the increase in output, without the qualitative or structural changes. This fits.
  • D. Is not measurable but objective: Growth is measurable, so this is wrong.

Step 4: Answer The correct option is C.

Tip: Remember that growth = quantity (more output, measurable) and development = quantity + quality (growth plus changes in people's lives). When JAMB asks how growth differs from development, look for the option that says growth lacks the "change" or "quality" aspect.

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