Economic growth occurs as a result of all of the following EXCEPT
A) more labor hours.
B) growth of capital.
C) technological progress.
D) less saving.

Name: Economic growth occurs as a result of all of the following EXCEPT A) more labor hours. B) growth of capital. C) technological progress. D) less saving.
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Question

Quizplus · Accepted Answer

Less saving would lead to a decrease in capital accumulation, which is a key driver of economic growth. Therefore, economic growth cannot occur as a result of less saving.

Economic Growth Occurs as a Result of All of the Following