GROWTH DEVELOPMENT CHILD
GROWTH AND DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The rate of growth of the labour force
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b)The proportion of national income saved and invested
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c) The rate of technological improvements
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d) All of the above
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Detailed explanation-1: -Increases in capital goods, labor force, technology, and human capital can all contribute to economic growth.
Detailed explanation-2: -What Are the 4 Factors of Economic Growth? The four main factors of economic growth are land, labor, capital, and entrepreneurship.
Detailed explanation-3: -Q3 2022 (3rd) +3.2% Real gross domestic product (GDP) increased at an annual rate of 2.7 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.
Detailed explanation-4: -Economic growth and development are essential for the well being of any country. It is measured in terms of improvement in the production of goods and services along with enhancement in quality of life within a country compared to previous years.