The Asian Development Bank reported that Myanmar’s GDP growth accelerated to 7.5% in 2013 from 7.3% in 2012. Growth was supported by rising investment, improved business confidence, commodity exports,...

The Asian Development Bank reported that

Myanmar’s GDP growth accelerated to 7.5%

in 2013 from 7.3% in 2012. Growth was supported by rising investment, improved business

confidence, commodity exports, and buoyant

tourism. Is this expansion more likely to be a

business cycle expansion or economic growth?

Explain your answer.

 Long-Term Growth Trends (Study Plan 22.2)