One important factor that affects economic growth is
A) the amount of money supply.
B) the rate of saving.
C) which political party is in power.
D) the number of workers in heavy industry.

Question

Quizplus · Accepted Answer

The rate of saving is an important factor that affects economic growth because when people save more, banks have more funds to lend to businesses, which can then use those funds to invest in new technology, research and development, and expansion. This leads to increased productivity and higher economic growth.

One Important Factor That Affects Economic Growth Is