Real GDP Grows When

question 313

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) only II
• C) both I and III
• D) I, II, and III

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Definitions:

Clustering-Pro

A method used in data analysis where a set of objects or points with similar characteristics are grouped together in clusters.

Double-Booking-Pro

A scheduling strategy where a professional or service provider schedules two clients or appointments at the same time.

Reschedule

The act of arranging for an event, appointment, or meeting to take place at a different time than originally planned.

Lab

Short for laboratory, a facility that provides controlled conditions where scientific or technological research, experiments, and measurement may be performed.