According to the Organisation for Economic Co-operation and Development (OECD),economic growth is driven by:

Question

Quizplus · Accepted Answer

The OECD states that increased trade exposure, or trade liberalization, stimulates economic growth by allowing countries to specialize in their most efficient sectors and to benefit from access to larger markets and new technologies.

B, C, and D are incorrect:
B) Higher levels of inflation can actually hinder economic growth by reducing consumer purchasing power and increasing uncertainty.
C) Spending on graduate schools can lead to human capital development and innovation, which can stimulate economic growth.
D) Business investment is a key driver of economic growth, and less investment would likely lead to slower growth.

According to the Organisation for Economic Co-Operation and Development (OECD),economic