Which of the Following Is Most Important If the Living

question 19

Multiple Choice

Which of the following is most important if the living standards of people residing in a country are going to improve?

• A) growth of population
• B) growth of per capita GDP
• C) growth of the money supply
• D) growth of government expenditures as a share of GDP

---

Definitions:

Facility Role

The designated function or purpose of a particular building or area within a larger system, such as manufacturing, storage, or retail.

Economies of Scale

The cost advantage achieved when production becomes efficient, reducing the average cost per unit through increased production.

Facility Location Decisions

Facility location decisions involve choosing the geographical placement of operations, factories, or stores to optimize logistics and customer reach.

Tariffs

Taxes imposed by a government on imported or exported goods to regulate trade, increase revenue, or protect domestic industries.