Several factors are important for achieving faster economic growth. Which of the following is one of those factors?

Question

Quizplus · Accepted Answer

Expansion of international trade is one of the key factors for achieving faster economic growth as it enables countries to access new markets, opportunities and resources, which in turn spurs innovation, efficiency and growth. Increased government expenditure, promotion of consumption expenditure and increased taxes on saving may have a short-term impact on growth, but may also have long-term consequences that could limit growth potential.

Several Factors Are Important for Achieving Faster Economic Growth