Economic Growth Factors Quiz

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ReasonedGoshenite
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5 Questions

Which type of productivity is associated with countries that are less developed?

Natural productivity

What is referred to as the 'hardware of society'?

Infrastructure buildup

Which type of productivity is associated with developed countries?

Artificial productivity

What is the main factor that determines GDP growth?

Productivity

Why do technology, innovation, and research and development matter for productivity growth in developed countries?

They contribute to artificial productivity

"Understanding the Factors Behind Economic Growth: Exploring Natural and Artificial Productivity" - Test your knowledge on the different ways in which countries can grow and develop. Learn about the concept of natural productivity and artificial productivity, and discover why developed countries tend to experience slower growth rates compared to emerging markets. Explore the importance of education, research and development, infrastructure, and capacity building in driving economic growth.

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