Concept:Economic growth means an increase in a country’s productive capacity, usually through investment in capital goods or improved technology.
Explanation:Massive importation of capital goods expands the productive base, so it leads to economic growth.
Local capital formation also increases productive capacity, so it promotes growth.
Use of modern technology improves efficiency and output, so it leads to economic growth.
Massive importation of consumer goods only increases current consumption, not productive capacity.
Such imports do not create new factories, machinery, or lasting productive assets.
Therefore, it does not lead to economic growth; it rather drains foreign reserves.
Answer:D. massive importation of consumer goods.