According to modern growth theory,the key to economic growth is
A) paved roads.
B) modern buildings.
C) skilled labor.
D) a large pool of unskilled labor.
E) institutions.

Question

Quizplus · Accepted Answer

Modern growth theory emphasizes the importance of institutions, such as property rights, rule of law, and stable political systems, in promoting economic growth. While paved roads, modern buildings, skilled labor, and a large pool of unskilled labor may all contribute to growth to some extent, they are not considered the key determinant of sustained long-term economic growth.

According to Modern Growth Theory,the Key to Economic Growth Is