For a given level of technology,a more rapid rate of economic growth can probably be achieved only if a country's citizens are prepared to

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Quizplus · Accepted Answer

In order to achieve more rapid economic growth, a country's citizens must be willing to sacrifice some present consumption to invest in productive capital, which can lead to increased productivity and ultimately higher economic growth. This can include investing in education, innovation, infrastructure, and other areas that can lead to higher economic returns in the future. Redistributing income or increasing demand for goods and services may provide short-term benefits, but they are unlikely to sustain long-term economic growth. Increasing exports or decreasing interest rates may also help support economic growth, but they are not sufficient on their own.

For a Given Level of Technology,a More Rapid Rate of Economic