94- Economic growth in country X will necessarily have to occur ifA- d the volume of trade grows in the world economyB- a there is technical progress in the world economyC- b there is population growth in XD- c there is capital formation of X

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Factors Affecting Population Density

94. Economic ...

Question

94. Economic growth in country X will necessarily have to occur if

(a) there is technical progress in the world economy

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(b) there is population growth in X

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(d) the volume of trade grows in the world economy

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Solution

The correct option is C
(c) there is capital formation of X

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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Q96) The World Economic Forum released its maiden Inclusive Growth and Development Report. Consider the following highlights of the report.

1) The report seeks to improve our understanding of how policy incentives and institutional mechanisms can be used to make economic growth more socially inclusive without dampening incentives to work, save and invest

2) There is considerable diversity in the achievement of inclusive growth only across the countries and not within the countries

3) There is no inherent trade-off in economic policymaking between the promotion of social inclusion and that of economic growth and competitiveness and it is possible to be pro-equity and pro-growth at the same time

4) Larger fiscal transfers are not necessarily incompatible with growth and competitiveness, but nor are they always the primary or most effective available option for broadening socioeconomic inclusion

Which of the above statements are correct?

Production of food is in geometric progression thus, there will be a shortage for the growing population.

Q. How is household savings related to overall economic growth? Give your answer in the context of the passage.
(A) Overall economic growth is directly related to household savings.
(B) Overall economic growth is inversely proportional to household savings.
(C) There is no specific relationship between overall economic growth and household savings.

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94. Economic growth in country X will necessarily have to occur if

The correct option is C (c) there is capital formation of X 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.

The correct option is C
(c) there is capital formation of X

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.