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Development and growth are closely related but conceptually distinct in macroeconomics. Economic growth refers to the increase in a country’s output of goods and services, typically measured by the rise in Gross Domestic Product (GDP) or Gross National Product (GNP) over a specific period. It is quantitative and focuses on the expansion of an economy’s productive capacity. Development, on the other hand, is a broader concept that encompasses not only economic growth but also improvements in standards of living, education, health, equality, and environmental sustainability. It is qualitative and multidimensional. While a country may experience growth, it does _____ _________ ______ ___ ________ __________ ___ _______ _________ _______.
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