One important factor that affects economic growth is
A)gold reserves.
B)the rate of saving.
C)which political party is in power.
D)the number of workers in heavy industry.

Question

Quizplus · Accepted Answer

The rate of saving has a direct impact on economic growth as it affects investment and capital accumulation, which are key drivers of long-term economic growth. Higher rates of saving means more investment, which leads to increased productivity, output, and income. Therefore, a higher rate of saving is generally associated with higher levels of economic growth. The other choices are not as direct of factors in determining economic growth.

One Important Factor That Affects Economic Growth Is