If an economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvement in labour ans capital combined, the balance of 3% is usually attributed to?

by | Aug 8 | Economics WAEC | 0 comments

A. land and entrepreneur
B. abundance of natural resources
C. level of human capital
D. technical progress and related factors
E. discipline in political leadership

Correct Answer:

Option C – level of human capital

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