Economies with high growth rates tend to be those that increase their: a. government regulation. b....

Economies with high growth rates tend to be those that increase their:

a. government regulation.

b. resources.

c. human capital.

d. consumption.

Solutions

Expert Solution

it can be mentioned that economies with higher growth rates pen to increase with their consumption because more the consumption levels more the demand for goods and services in the economy as a result of which more would be the the economic growth rate on the whole

Therefore (d) consumption is the answer to this question

Resources are not the main factors of economic growth in all the cases because the proper allocation and usage of resources are required and even if resources are present and if you don't use properly then there would be no economic growth and similar to that of human capital where is there is of abundance of human capital the productivity levels are very low due to less amount of Technology and that is the reason why this is also not the major factor and if there is high amount of government regulation the productivity hinders and this also doesn't cause economic growth

Therefore (a,b,c) are wrong

Rahul Sunny answered 1 year ago

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