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WAEC Economics 2018 Paper
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© africaexams.com
Question : 37
Total: 49
which of the following activities will not lead to economic growth?
massive importation of capital goods
intensive capital formation locally
use of modern technology
massive importation of consumer goods
Validate
Solution:
Activities that lead to economic growth
Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost
economic growth
as this shifts or increases the country's Production Possibility Curve.
Physical Capital or Infrastructure.
Population or Labor.
Human Capital.
Technology.
Law
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