Which of the Following Is Most Likely to Contribute to Economic

question 40

Multiple Choice

Which of the following is most likely to contribute to economic growth as measured by real GDP per capita?

• A)the imposition of tariffs and quotas on imported goods
• B)rapid population growth
• C)an increase in marginal tax rates
• D)increased capital formation

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Definitions:

Factory Maintenance Equipment

Tools, machinery, and other equipment used for the upkeep of a manufacturing facility.

Company Showroom

is a dedicated space where a business displays its products or prototypes for customers to view, typically used for marketing and sales purposes.

Tax Law Updates

Changes or modifications made to tax legislation that could affect how businesses and individuals calculate their taxes.

Product Cost

The total cost incurred to produce a product, including direct materials, direct labor, and overhead.