"Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. Which of the following is a key factor to consider to ensure long-term economic growth as planned? A. Short-term fluctuations in the business cycle. B. Government policies focused on income redistribution. C. Investment in physical and human capital. D. A high inflation rate.

"Africa is set to outperform the rest of the world in economic growth over the next two years, with real gross domestic product (GDP) averaging around 4% in 2023 and 2024. Which of the following is a key factor to consider to ensure long-term economic growth as planned? A. Short-term fluctuations in the business cycle. B. Government policies focused on income redistribution. C. Investment in physical and human capital. D. A high inflation rate.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter20: Economic Growth

Section: Chapter Questions

Problem 10SCQ: What are the advantages of backwardness for economic growth?

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