What is difference between economic development and growth, Microeconomics

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What is difference between economic development and growth

Problem

1. What is the difference between economic development and economic growth? Give examples of how each of these concepts can be measured.

2. Do you agree with the argument that the rich nations are getting richer and the poor nations are getting poorer? Is this an oversimplification? Explain.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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