Several Factors Are Important for Achieving Faster Economic Growth

question 67

Multiple Choice

Several factors are important for achieving faster economic growth. Which of the following is one of those factors?

• A)Expansion of international trade
• B)Promotion of consumption expenditure
• C)Increased government expenditure
• D)Increased taxes on saving

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Definitions:

Government Expenditures

The total amount of money the government spends in a certain period, including spending on healthcare, education, and infrastructure.

Adverse Supply Shock

An Adverse Supply Shock is an unexpected event that reduces supply, leading to higher prices and lower quantities of goods available.

Internet Usage

Refers to the various activities and tasks performed by individuals or organizations over the internet, including communication, information search, entertainment, and e-commerce.

Favorable Supply Shock

An unexpected event that increases the supply of a good or service, leading to a lower price and benefitting consumers.