A policy of increasing domestic consumption would likely speed up economic growth by boosting productivity.

Question

Quizplus · Accepted Answer

Increasing domestic consumption primarily boosts demand, which can lead to economic growth through increased production to meet this demand, but it does not directly boost productivity. Productivity growth is more directly influenced by factors such as technological advancements, improvements in workforce skills, and enhancements in production processes.

A Policy of Increasing Domestic Consumption Would Likely Speed Up