Q: Economic growth in country X will necessarily have to occur it
a) there is technical progress in the world economy
b) there is population growth in X
c) there is capital formation in X
d) the volume of trade grows in the world economy
Correct Answer: Option (c)
- If there is population growth without any avenues for the economy to absorb them, it will have a deteriorating effect. But when there is capital formation in country it will lead to growth. Hence, option (c) is correct.
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