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which of the following activities will not lead to economic growth?

Economics
WAEC 2018

which of the following activities will not lead to economic growth?

  • A. massive importation of capital goods
  • B. intensive capital formation locally
  • C. use of modern technology
  • D. massive importation of consumer goods
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Correct Answer: Option D
Explanation

Activities that lead to  economic growth

  • Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. 
  • Physical Capital or Infrastructure. 
  • Population or Labor. 
  • Human Capital. 
  • Technology. 
  • Law

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WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts