Which of the Following Provides the Best Explanation for Why

question 129

Multiple Choice

Which of the following provides the best explanation for why GDP may increase over long periods of time?

• A)increase in capital stock
• B)increase in emigration
• C)increase in mortality rates
• D)increase in interest rates
• E)increase in unemployment

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Definitions:

Quality

The level at which a product or service achieves or outdoes the expectations of customers.

Status-conscious Consumers

Consumers who make purchasing decisions based on the perceived status or prestige associated with a product or brand.

Penetration Pricing Policy

A business strategy where the initial product price is set very low to gain market share quickly.

Sales Volume

The quantity of products or services sold within a specific period.