The power of compounding explains why countries with policies aimed at increasing the annual rate of economic growth can,over time,become much richer than countries that don't.

Question

Quizplus · Accepted Answer

The concept of compounding, where the return or growth builds upon itself over time, applies to economic growth as well. So, countries that consistently achieve higher annual rate of economic growth are likely to experience a compounding effect leading to greater wealth creation and overall economic well-being in the long run.

The Power of Compounding Explains Why Countries with Policies Aimed