The Four Major Determinants of Economic Growth Include All of the Following

question 40

Multiple Choice

The four major determinants of economic growth include all of the following EXCEPT

• A)technological improvement.
• B)growth in physical capital.
• C)growth in human capital.
• D)growth in financial capital.
• E)growth in the labour force.

Understand the concept of inflation and its effect on value over time.

Compute and compare effective annual rates for different compounding frequencies.

Understand and calculate the effective rate of interest for various compounding frequencies.

Compare and identify the preferable interest rates for loans and investments based on their compounding terms.

---

Definitions:

Elicit Care

Behaviors or signals that are intended to prompt caregiving responses from others, commonly observed in infants and young children.

Visual Systems

Components of the central nervous system, including the eye and parts of the brain, that process visual information.

Puberty

The period during which adolescents reach sexual maturity and become capable of reproduction.

Preference

An individual's inclination towards or tendency to like, choose, or favor something over another, based on factors such as taste, value, convenience, or familiarity.