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Sustained growth refers to a growth process in which ________.

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Sustained growth refers to a growth process in which ________.

Sustained growth refers to a growth process in which ________.

▸ growth in GDP per capita is translated into an equal increase in welfare for all citizens in a country

▸ GDP per capita grows at a rate of more than 20 percent per year for long periods of time

▸ growth in GDP per capita is primarily attributed to public sector firms and enterprises

▸ GDP per capita grows at a positive and steady rate for long periods of time

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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