Multiple Choice
Real GDP grows when
I. the quantities of the factors of production grow.
II. persistent advances in technology make factors of production increasingly productive.
III. human capital grows.
A) only I
B) both I and III
C) only II
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
Q154: We are interested in long-term growth primarily
Q155: All of the following would increase the
Q156: What are the basic arguments of the
Q157: Which of the following contributes to an
Q158: The U.S. employment-to-population ratio peaked in 2000
Q160: Which of the following is TRUE regarding
Q161: If capital per worker rises<br>A) labor productivity
Q162: If new capital increases labor productivity, the
Q163: In general, a higher real wage rate
Q164: Which of the following statements is CORRECT?<br>I.