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If any economy is growing at an annual rate of 7% and 4% of it…

If any economy is growing at an annual rate of 7% and 4% of it is known to be due to the improvements in labour and capital combined, the balance of 3% is usually due to?
  • A.
    land and related factors
  • B.
    abundance of natural resources
  • C.
    level of human capital
  • D.
    technical progress or other factors
  • E.
    the discipline of political leadership
Correct Answer: Option A
Explanation