Economic growth in country X will necessarily have to occur if (a) there is technical progress in the world economy
Economic growth in country X will necessarily have to occur if
(a) there is technical progress in the world economy
(b) there is population growth in X
(c) there is capital formation of X
(d) the volume of trade grows in the world economy
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(c) A country’s economic growth is reflected through capital formation, which in turn encourages private enterprises in enhancing the growth of a country’s economy.
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