Which of the following is important if a country is going to achieve and sustain high rates of economic growth?
A) investment in physical and human capital
B) improvements in technology
C) institutional and policy arrangements consistent with economic efficiency
D) All of the above.

Question

Quizplus · Accepted Answer

All three factors are important for achieving and sustaining high rates of economic growth. Investment in physical and human capital allows for the creation and accumulation of productive assets necessary for growth, improvements in technology allow for increased efficiency and innovation in production, and institutional and policy arrangements consistent with economic efficiency ensure that resources are allocated in a way that maximizes economic growth.

Which of the Following Is Important If a Country Is