Among all the determinants of economic growth, the most important one is

ECONOMICS
JAMB 2023

Among all the determinants of economic growth, the most important one is

  • A. Human capital
  • B. Increased GDP
  • C. Land and Natural resources
  • D. Technologies

Correct Answer: B. Increased GDP

Explanation

The Gross Domestic Product is the total monetary or market value of all the goods and services produced within a country. It is used to measure the rate of growth in an economy.



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