To increase its economic growth,a nation should

Question

Quizplus · Accepted Answer

Encouraging education increases the quality of labor, which leads to a more skilled workforce that can innovate and improve production processes. This, in turn, leads to higher economic growth over the long term. Eliminating expenditure on capital goods, increasing current consumption, and limiting the number of people in college would all have negative impacts on economic growth. Encouraging spending on goods and services may lead to short-term economic growth, but this alone is not sufficient to ensure sustainable and long-term growth.

To Increase Its Economic Growth,a Nation Should