if an economy is growing at an annual rate of 7% and 4% of it
ECONOMICS
WAEC 1991
if an economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvement in labour ans capital combined, the balance of 3% is usually attributed to
- A. land and entreprenuer
- B. abundance of natural resources
- C. level of human capital
- D. technical progress and related factors
Correct Answer: C. level of human capital
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