If an economy grows at an annual rate of 5% of which 3% is deemed
ECONOMICS
JAMB 1992
If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?
- A. the size of population
- B. technical progress
- C. the environment
- D. the amount of natural resources
Correct Answer: B. technical progress
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *