Which of the following will not increase the rate of growth in an economy?
A)a reduction in the rate of savings
B)an increase in the productivity of labor
C)technological progress
D)higher rates of investment

Question

Which of the following will not increase the rate of growth in an economy?
A)​a reduction in the rate of savings
B)​an increase in the productivity of labor
C)​technological progress
D)​higher rates of investment

Quizplus · Accepted Answer

A reduction in the rate of savings will lead to decreased investment and thus hinder the rate of growth in the economy. The other options - an increase in labor productivity, technological progress, and higher rates of investment - will all positively contribute to economic growth.

Which of the Following Will Not Increase the Rate of Growth