An important factor in determining a country's rate of economic growth is
A) the diversity of its population.
B) its rate of saving.
C) the size of its labor force.
D) the proportion of the adult population that is working.

Question

Quizplus · Accepted Answer

The rate of saving in a country is crucial for economic growth because it determines the amount of capital available for investment. Higher savings can lead to more investment in productive assets, which in turn can enhance a country's economic growth.

An Important Factor in Determining a Country's Rate of Economic