HSC Food Technology Practice Exam

The growth of the economy is typically indicated by increased production and prosperity. Economic growth often correlates with higher levels of production, which means that goods and services are being created at a greater volume. This increase in production can lead to more employment opportunities, higher incomes, and an overall improvement in living standards for individuals within the economy. Prosperity arises when individuals experience better financial conditions, which is often a result of a growing economy that is capable of supporting higher levels of consumption and investment.

In the context of the options provided, increased production and prosperity serves as a clear indicator of a thriving economy, as it encapsulates aspects like job creation, consumer spending, and overall economic activity. The other options, which refer to decreased access to goods, stable price levels, and reduced job opportunities, do not align with the characteristics of economic growth. Instead, these conditions may indicate stagnation or recession, where there is less production, fewer jobs, and generally diminished economic activity. Thus, increased production and prosperity serves as the foundation for measuring the growth of the economy effectively.