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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
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Correct Answer: Option B
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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