Extensive growth is driven by
A)very high savings rates.
B)rapid capital accumulation.
C)improved multifactor productivity.
D)A and B.
E)all of the above.

Question

Quizplus · Accepted Answer

Extensive growth is primarily driven by very high savings rates and rapid capital accumulation, which are both factors that increase the quantity of inputs in the production process. Improved multifactor productivity, on the other hand, is a driver of intensive growth, which focuses on increasing the efficiency of inputs.

Extensive Growth Is Driven by