In the Long Run, Economic Growth Is Driven by

question 125

Multiple Choice

In the long run, economic growth is driven by

• A) physical capital.
• B) human capital.
• C) technological change.
• D) All of the answers are correct.

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Definitions:

Top Management

The highest level of managerial staff responsible for setting strategic goals and leading an organization.

Strategic Plan

A Strategic Plan is a company's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people.

Financial Consequences

The economic effects or outcomes that result from financial decisions or actions, which can affect an individual's or organization's financial health.

Operating Activities

The day-to-day actions of producing, selling, and delivering a company's products or services, which are reflected in its cash flow.