If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
a
land and related factors
b
abundance of natural resources
c
level of human capital
d
technical progress or other factors
e
the discipline of political leadership
Explanation
Correct Option
aNo explanation available
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colikstan
3 years ago
saving and investment in physical capital, new technology, and human capital.
B is the answer oo.
