Which of the following factors are most important for determining the economic growth of a country?
A)The country's level of resources
B)The independence of the country's central bank
C)The country's rates of saving and investment
D)The level of sophistication of a country's financial markets

Question

Quizplus · Accepted Answer

Rates of saving and investment directly contribute to the growth of a country's economy by increasing the production capacity and improving technological advancements. This can lead to increased job opportunities, increased productivity levels, and an overall improvement in the standard of living. The other factors listed may also play a role in economic growth, but the rates of saving and investment are most directly tied to it.

Which of the Following Factors Are Most Important for Determining