Economics WAEC

If an economy grows at an annual rate of 6% of which 4% is deemed to be due to improvement in the productivity of labour and capital combined, the remaining 2% is generally attributed to the

A. amount of natural resources
B. improvement in banking services
C. size of the population
D. quality of human resources
E. improvement in government fiscal policies

Correct Answer:

Option A – amount of natural resources

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