Final answer:
Economic growth is supported by natural resources, a stable and honest government, a fair legal system, quality education that meets employer needs, and a stable currency managed by a competent central bank.
Therefore, the correct answer is: option e). All of the above.
Step-by-step explanation:
Factors that support the economic growth of an economy include a variety of elements that work together to create a conducive environment for development.
The factors that support economic growth of the economy include:
- Natural resources
- A stable, honest governmental system
- A quality educational system
- A stable currency managed by a competent, apolitical central bank
=> All of the above factors contribute to the economic growth of a country.
Furthermore, a quality educational system that aligns with employer needs can lead to human capital deepening—essential for increasing labor productivity and GDP per capita.
And, a stable currency overseen by a competent, apolitical central bank plays a crucial role in maintaining economic stability and confidence.