Which of the Following Is a Demand Factor in Economic

question 153

Multiple Choice

Which of the following is a demand factor in economic growth?

• A) more human and natural resources
• B) technological progress and innovation
• C) an increase in the economy's stock of capital goods
• D) an increase in total spending in the economy

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Definitions:

Income Statement

A financial statement that reports a company's financial performance over a specific accounting period, detailing revenues and expenses.

Expenses

Outflows or depletions of assets or incurrences of liabilities during a period as a result of delivering or producing goods, rendering services, or carrying out other activities linked to an entity's main operations.

Variable Costing

A costing method where variable manufacturing costs are treated as product costs, and fixed manufacturing overhead is treated as a period cost.

Net Income

The amount of earnings left after all expenses, including taxes and costs, have been subtracted from total revenue.