7. In contrast to development, growth refers to an increase in: A. productive ca

Question

7. In contrast to development, growth refers to an increase in: A. productive capacity with no change in output. B. output with no change in productive capacity. C. output brought about by an increase in inputs. D. output brought about by a change in the production function. 8. The macroeconomic policy choices of developing countries like Zambia and Namibia: A. are similar to those of developed countries because their institutions are similar. B. differ from those of developed countries even though their institutions are similar. C. are similar to those of developed countries even though their institutions differ. D. are different from those of developed countries because their institutions are different.

Explanation / Answer

7..

the correct option is B

i.e.output with no change in oroductive capacity

8.

the correct option is C

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