Read the given extract/source/passage carefully and answer the question that follows:

If democracies are expected to produce good government, then is it not fair to expect that they would also produce development? Evidence shows that in practice many democracies did not fulfil this expectation. If you consider all democracies and all dictatorships for the fifty years between 1950 and 2000, dictatorships have a slightly higher rate of economic growth. The inability of democracy to achieve higher economic development worries us. But this alone cannot be the reason to reject democracy. As you have already studied economies, economic development depends on several factors: a country’s population size, global situation, cooperation from other countries, economic priorities adopted by the country, etc. However, the difference in the rates of economic development between less developed countries with dictatorships and democracies is negligible. Overall, we cannot say that democracy is a guarantee of economic development. But we can expect democracy not to lag behind dictatorships in this respect.

When we find such a significant difference in the rates of economic growth between countries under dictatorship and democracy, it is better to prefer democracy as it has several other positive outcomes.

Which of the following factors lead to the economic growth of a country?

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Country’s population size

Global situation

Cooperation from other countries

All of these

answer is D.

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Detailed Solution

The factors that lead to the economic growth of a country are the country's population size, the global situation and cooperation from other countries. Increased population growth increases the number of available human resources, increasing output in quantity. The global situation and the cooperation from other countries is also significant factor responsible for boosting a country's economic growth. The investment and the technology from the different countries positively affect the country's economic growth.

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