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JAMB Economics 2006 Question 27

Question 27

Economic Growth and Development

Economic growth can be accelerated through

  1. A.excess current consumption
  2. B.excess consumption over investment
  3. C.increased current consumption
  4. D.increased current investment
Show the answer and explanation

Answer: D (increased current investment)

Explanation

Investing now adds to the stock of capital, which raises the economy's future output.