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 can lead to increased exports, which generates more income and jobs in the economy. It also allows for the import of goods and services that may not be produced domestically, increasing the variety and availability of goods for consumers. Increased taxes on saving and promotion of consumption expenditure may lead to short-term boosts in spending, but they do not necessarily lead to sustained economic growth. Increased government expenditure can lead to economic growth, but only if it is spent on productive investments such as infrastructure and education.

Several Factors Are Important for Achieving Faster Economic Growth