Which of the Following Factors Has Been the Dominant Source

question 269

Multiple Choice

Which of the following factors has been the dominant source of economic growth in the U.S. (except in 1973-1995) ?

• A) increases in population
• B) increases in labor productivity
• C) increases in hours per worker
• D) increases in the labor force

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Definitions:

Currency Exchange Rates

The exchange rate that determines how much of one currency is equivalent to another.

Functional Currency

The currency of the primary economic environment in which an entity operates, usually determining the currency of record for financial reporting.

Account Balances

The total amounts in financial accounts, reflecting the sum of all transactions like deposits and withdrawals, at any given time.

Exchange Rates

The valuation of one currency in terms of its equivalent in another currency.