The rate of growth of an economy mainly depends upon:
A)the rate of growth of the labour force
B)the proportion of national income saved and invested
C)the rate of technological improvements
D)all of the above

Question

Quizplus · Accepted Answer

The rate of growth of an economy is influenced by multiple factors including the growth of the labor force, the proportion of national income that is saved and invested, and the rate of technological improvements. These elements collectively contribute to economic expansion by enhancing productivity, increasing capital, and improving efficiency.

The Rate of Growth of an Economy Mainly Depends Upon