Telegram group: T.me/BBCNOUN [ECO714] Development Economics focuses primarily on the economic, social, and institutional mechanisms that are required for improvements in the --------- Standard of living [ECO714] The _____ measures GDP as the total spending on final goods and services produced within a nation during a specific period of time usually a year Expenditure approach [ECO714] _____is recorded when the annual average rhythms of the macroindicators are higher than the average rhythms of growth of the population. Positive economic development [ECO714] Economic growth involves the process of increasing the sizes of national economies and the Macroeconomic indications [ECO714] _______ is a situation where individuals and social groups, moves away from a condition of life widely perceived as unsatisfactory towards a situation or condition of life regarded as materially and spiritually better. Development [ECO714] _______ is a situation where individuals and social groups, moves away from a condition of life widely perceived as unsatisfactory towards a situation or condition of life regarded as materially and spiritually better. Social Movement [ECO714] ______________can be measured through an increase in the GDP and per capita income. Economic Growth [ECO714] ______________can be measured through an increase in the GDP and per capita income. Economic Development [ECO714] The HDI is used to determine if a country is developed or underdeveloped. Human Development Index [ECO714] ________ technological progress results from some invention or innovation that facilitates the achievement of higher output levels using the same quantity of inputs of capital. Capital Saving