The Determinants of Economic Growth Include All of the Following

question 59

Multiple Choice

The determinants of economic growth include all of the following except

• A) technological improvement.
• B) improvements in the quality of factors of production.
• C) a stable price level.
• D) increases in the quantity of factors of production.

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Definitions:

Human Capital

A group's competencies, understanding, and unseen assets possessed by individuals, which serve to generate financial value for the persons, their companies, or their neighborhood.

Strategic Requirements

The essential conditions or resources needed for an organization to effectively implement its strategy and achieve its objectives.

Simple Regression Equation

A mathematical formula used to predict the value of a dependent variable based on the value of an independent variable.

Linearity

The property of a relationship or function that can be graphically represented as a straight line, indicating a constant rate of change.