Which of the Following Is Not a Determinant of the Long-Run

question 181

Multiple Choice

Which of the following is not a determinant of the long-run level of real GDP?

• A)The price level
• B)The amount of capital used by firms
• C)Available stock of human capital
• D)Available technology

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Definitions:

Collective Goods

Also known as public goods, these are commodities or services that provide benefits to all members of a society and are not depleted by individual use.

Drug Awareness

Programs or initiatives aimed at educating individuals about the effects, risks, and laws related to drug use and misuse, with the goal of preventing substance abuse.

Disbursement Basis

An accounting method in which expenditures and revenues are recorded when cash is actually disbursed or received, rather than when they are incurred.

Accrual Basis

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.