Which of the following is an important factor affecting economic growth?
A) the rate of saving
B) exchange rates
C) the rate of interest
D) the level of prices

Question

Quizplus · Accepted Answer

The rate of saving is an important factor affecting economic growth as it determines the amount of investment available for businesses to expand and create more jobs. Higher savings rates lead to more investment and higher economic growth. Exchange rates, the rate of interest, and the level of prices can all affect economic growth as well, but they are not as directly tied to the availability of investment capital.

Which of the Following Is an Important Factor Affecting Economic