Question on: WAEC Economics - 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 Option: D
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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