Economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country.

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26-07-2022
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Economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country.

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Tundexi Tundexi · Answer 1 · 2022-08-01T16:37:54+02:00

It is a true statement that economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country.

What is an Economic growth?

In an economic world, this refers to an increase in the value of an economy's goods and services which consequently creates more profit for businesses.

Apart from the fact that It is a true that economists pay attention to small changes in economic growth because small changes in economic growth can make a big difference in the living of a country, the data on economic growth also influences them because these changes have large effects on the volume of output.

Therefore, it is a true statement.