To increase its economic growth, a nation should

Question

Quizplus · Accepted Answer

Encouraging education increases the quality of labor, leading to increased productivity and economic growth in the long run. Increasing current consumption or eliminating expenditure on capital goods may provide short-term benefits but can ultimately harm economic growth. Limiting the number of people in college would also be counterproductive as education is a key factor in economic development. Encouraging spending on goods and services may stimulate demand in the short term but does not necessarily lead to sustained economic growth.

To Increase Its Economic Growth, a Nation Should