A central message of modern development economics is the importance of income growth, by which meant growth in Gross Domestic Product (GDP). In theory, rising GDP creates employment and investment opportunities. As incomes grow in a country where the level of GDP was once low, households, communities, and governments are increasingly able to set aside some funds for the production of things that make for a good life. Today GDP has assumed such a significant place in the development lexicon, that if someone mentions "economic growth", we know they mean growth in GDP.
With reference to the above passage, the following assumptions have been made:
Which of the above assumptions is/are valid?