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Read the below initiatives by governments around the world aimed at increasing economic growth. List which component of economic growth each statement describes and explain
Read the below initiatives by governments around the world aimed at increasing economic growth. List which component of economic growth each statement describes and explain your reasoning. Your answers should include human capital, physical capital, and/or technological progress. A. The government of Brazil has announced a new initiative aimed at investing in renewable energy sources. The initiative includes plans to build new wind and solar power plants throughout the country, as well as providing incentives for businesses to adopt more sustainable energy practices. The government hopes that these investments in renewable energy will not only help to reduce greenhouse gas emissions, but also create new jobs and stimulate economic growth. B. In 2017, Saudi Arabia launched its Vision 2030 initiative, aimed at diversifying its economy away from its dependence on oil. The plan includes the creation of new cities, the expansion of existing cities, and the development of tourism infrastructure. The government has pledged to invest $500 billion in the initiative, which includes the construction of a $500 billion mega-city called Neom. C. UNICEF launched the Schools for Africa initiative in 2004 to improve access to education for disadvantaged children in Africa. About $50 million has been donated to construct and restore almost 1,000 schools, train 100,000 teachers and supply educational resources to schools. The Schools for Africa Initiative is now able to reach more than 30 million children. The efforts of the initiative ensure that children possess the skills and knowledge to advance and prosper in their lives ahead
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