(Answered) b. Explain the implication that economic growth is a pre-requisite of economic development. (4…

➤ How can economic growth lead to improved human welfare and development indicators?
Growth raises incomes so households can afford better nutrition, housing, and schooling. It also increases public finances, enabling investments in health, education, sanitation, and social protection. Targeted spending and progressive taxation help convert GDP gains into higher life expectancy, literacy, and poverty reduction (World Bank, 2020).