Answer: Option (D) is correct.
Explanation:
The economic efficiency is achieved at a point where demand curve and supply curve intersects each other. This point is known as market equilibrium. The area under the demand curve and above the equilibrium price level is known as consumer surplus.
The area above the supply curve and under the equilibrium price level is known as producer surplus.
Hence, the combine area of consumer surplus and producer surplus have to maximized to have a economic efficiency in an economy.
Answer:
Economic growth generates job opportunities and hence stronger demand for labour, the main and often the sole asset of the poor. In turn, increasing employment has been crucial in delivering higher growth.
I’m pretty sure that the answer is 17,621.66