Which of the Following Factors Contribute to Economic Growth

The discovery of new oil reserves. C increase welfare payments to the poor.

Factors That Affect Population Size And Growth Economics Help Growth Levels Of Education Developed Economy

B Increased literacy initially stimulates economic growth by raising labor productivity but as the economy grows and the opportunity cost of education rises literacy declines.

. Increased education adds to the stock of human capital not unlike building factories adds to the stock of physical capital. D an increase in marginal tax rates. Which of the following factors contribute to economic growth.

To achieve a high standard of living a nation should. Economic Factors Natural Resources. We review their content and use your feedback to keep the quality high.

B increase the tax deduction for child dependents. A promote economic growth. Get Your Custom Essay on Which Of The Following Factors Contribute To Economic Growth.

E a the construction of new factories b an increase in the proportion of the population that is college-educated c a decrease in the productivity of labor d all of the above e only a and b 47. B increase the tax deduction for child dependents. Just from 13Page Order Now Your quiz has been submitted successfully.

Question 5 1 1 point. A decrease in the productivity of labour leads to economic growth. Question Submission View Dont use plagiarized sources.

Chapter 7 random Question 1 1 1 point Which of the following. An increase in the quantity of labor always leads to economic growth. An increase in the proportion of the population that is college educated.

C Increased literacy stimulates economic growth by raising labor productivity and. Another critical aspect in an economys development is capital formation. Third World countries are rich in human capital.

Which Of The Following Factors Contribute To Economic Growth. To achieve a high standard of living a nation should. New oil reserves can contribute immensely to economic growth of a nation as they increase the resources of the nation.

A As the economy grows literacy declines because it becomes less and less useful in a developed economy. An increase in the national output of goods and services results out of increase in the productivity and capability of the workforce. A promote economic growth.

D use less capital and more labor in the production process. The correct option is B. Capital formation is the.

Economic growth refers to an increase in the gross domestic product of an economy owing to an increase in the level of output. The primary factor impacting an economys development is its natural resources. C increase welfare payments to the poor.

Question 6 1 1 point.

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