One of the most important determinants of economic growth is:

Question

Quizplus · Accepted Answer

The savings rate refers to the percentage of income that individuals or households save rather than spend. A higher savings rate means there is more money available to invest in businesses and other productive activities, which can lead to economic growth. This investment can also lead to job creation and higher wages. Therefore, the savings rate is a crucial determinant of economic growth. The other options listed are important factors that affect the health or well-being of a population, but they do not have as direct of an impact on economic growth as the savings rate.

One of the Most Important Determinants of Economic Growth Is