Economic growth is the result of two major or general "determinants":

Question

Quizplus · Accepted Answer

Economic growth is influenced by the amount of capital per capita (i.e. the level of physical and human capital investment in a country divided by the population) and autonomous growth factors such as technological innovation, productivity gains, and institutional frameworks. Autonomous planned spending (which refers to government spending, investment by firms and households, and exports and imports) may also affect economic growth, but it is not one of the major determinants. Saving, on the other hand, is an important component of capital accumulation, but it is not a determinant of growth by itself.

Economic Growth Is the Result of Two Major or General