Which of the Following Factors Contributes to Economic Growth

question 43

Multiple Choice

Which of the following factors contributes to economic growth?

• A)an increase in the minimum wage
• B)a decrease in the productivity of labour while holding the productivity of capital fixed
• C)the discovery of new oil reserves
• D)a decrease in the quantity of labour due to emigration

---

Definitions:

Statement of Financial Position

A financial document summarizing an entity's assets, liabilities, and shareholders' equity at a specific point in time.

Profit or Loss

Represents the financial result of a company's operations, calculated as its revenue minus expenses.

Interim Dividend

An interim dividend refers to a dividend payment made before a company's annual earnings are calculated and finalized. It's typically issued to shareholders from the profits earned in part of the company's financial year.

Issued Capital

The portion of a company's capital that has been allocated to shareholders in the form of shares.