What is the difference between economic growth and economic development?

Economic Growth is Quantitative Measure.

Economic development is Qualitative measure.

Explanation:

Economic growth measure the parameters that measure the output of economy during the specific period of time. The parameters like GDP, Income , inflation, interest rate etc describe the economic growth in the country. Economic development is more boarder term that not only covers the economic factors but also measures the factors like standards of living, education, population, technological improvement, labor condition and others qualitative measure the describe the Position of country.  

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu

answer; self-efficacy;