One way of speeding up the economic development of a country is by encouraging
The consumption of consumer goods
Early marriage
The importation of more consumer goods
Savings and investment
Correct answer is D
Typically a higher savings rate, the fraction of GDP not consumed today, results in higher investment rates. Thus, the more a society invests (and saves) results in more production opportunities in the future, implying a higher rate of growth.
Saving can therefore be vital to increase the amount of fixed capital available, which contributes to economic growth. However, increased saving does not always correspond to increased investment. In the short term, if saving falls belowinvestment, it can lead to a growth of aggregate demand and an economic boom.
Which of the following is not a feature of economic underdevelopment?
Monocultural economy
High productivity
Low life expectancy
Income inequality
Correct answer is B
The term underdevelopment refers to that state of an economy where levels of living of masses are extremely low due to very low levels of per capita income resulting from low levels of productivity and high growth rates of population.
there is a set of common characteristics of underdeveloped economies such as low per capita income, low levels of living, high rate of population growth, illiteracy, technical backwardness, capital deficiency, dependence on backward agriculture, high level of unemployment, unfavourable institutions and so on.
Monetary policy
Government policy
Income policy
Fiscal policy
Correct answer is D
In economics and political science, fiscal policy is the use of government revenue collection (mainly taxes) and expenditure (spending) to influence the economy.
economic cooperation
Larger market
military assistance
free ports
Correct answer is D
No explanation has been provided for this answer.
British
Dutch
French
Danes
Correct answer is C
No explanation has been provided for this answer.