passwella.
Menu

WAEC Economics 2017 Question 42

Question 42

Economic Growth and Development

One way of speeding up the economic development of a country is by encouraging

  1. A.the consumption of consumer goods.
  2. B.early marriages.
  3. C.the importation of more consumer goods.
  4. D.savings and investment.
Show the answer and explanation

Answer: D (savings and investment.)

Explanation

Savings finance investment in capital goods, which raises output.