Increases in Productivity Are Caused by

question 113

Multiple Choice

Increases in productivity are caused by

• A)better education and training of the labor force.
• B)higher levels of literacy.
• C)improvements in technology.
• D)All of the above are correct.

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Definitions:

Interest Rates

A borrower pays this rate, calculated as a percentage of the principle, to a lender in exchange for the use of assets.

Investments

Assets or commodities acquired with the intention of generating income or appreciating in value over time.

Cash Quickly

A term referring to methods or strategies used to obtain liquid funds in a short period of time.

Present Value Factor

A number by which a future payment is multiplied to determine its present value.