One of the main requirements for long- term economic growth is:
A) low interest rates
B) a reduction in saving levels to reduce leakages from the circular flow of income
C) a fiscal deficit
D) growth in the productivity of factor inputs

Question

Quizplus · Accepted Answer

Long-term economic growth is primarily driven by increases in the productivity of factor inputs, such as labor and capital, which lead to more efficient production and higher output.

One of the Main Requirements for Long- Term Economic Growth