Real GDP Grows When

question 159

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

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Definitions:

Future

The time or period that comes after the present, which has yet to occur and is unknown or uncertain.

Presenteeism

The act of attending work while sick, resulting in reduced productivity and potentially prolonging illness.

Attending Work

The act of being physically present and engaged in the workplace environment as required by one's employment obligations.

Stressed

The feeling of being overwhelmed or unable to cope with mental or emotional pressure.