Economies growth depends upon:

Question

Quizplus · Accepted Answer

Economic growth depends on both the development stage of the economy and its key drivers of GDP. The stage of development determines the potential for growth and the drivers of GDP determine the actual growth rate. Factors such as technology, infrastructure, natural resources, education, and political stability all affect both the development stage and the drivers of GDP. Government spending can also have an impact on economic growth, but it is not the sole determinant. The total market value of goods and services produced, as measured by GDP, is an important indicator of growth but it is not a factor that directly drives growth. Therefore, E is the best choice as it encompasses all of the relevant factors.

Economies Growth Depends Upon