Which of the following is most important if a country wants to move from a low-income to a high-income status?
A) high rates of monetary growth.
B) sustained economic growth.
C) high real interest rates.
D) high nominal interest rates.

Question

Quizplus · Accepted Answer

Sustained economic growth is the most important factor in a country's transition from a low-income to a high-income status. While high rates of monetary growth, high real interest rates, and high nominal interest rates may contribute to economic growth, they are not sufficient on their own. Sustained economic growth requires a combination of factors such as investment in education, technology, infrastructure, and human capital, as well as sound macroeconomic policies and supportive institutions.

Which of the Following Is Most Important If a Country