Question

Which of the following will have a positive impact on the economic growth of a country?

• A. Instability of the government
• B. Increase in population without any growth in skilled workforce
• C. Abundance of natural resources like oil and mineral deposits
• D. Increase in population if it translates into an increase in skilled workforce

Answer 1

Answer: (C), (D)

Increase in population if it translates into an increase in skilled workforce

Factors like favourable geographical location and abundance of natural resources help in increasing the production of various sectors of the economy. An increase in population can translate to an increase in workforce. If the workforce is skilled, it will lead to an increase in production. However, the government controls all these factors through its policies and rules.