Which of the Following Factors Contributes to Economic Growth

question 44

Multiple Choice

Which of the following factors contributes to economic growth?

• A)an increase in the proportion of the population that is college educated
• B)a decrease in the productivity of labour
• C)an increase in the average wage rate paid to workers
• D)an increase in the standard of living

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Definitions:

Misinformation Effect

A phenomenon where a person's recollection of an event can be influenced by misleading information presented after the event.

State-dependent Memory

The phenomenon where information learned in a particular physiological or psychological state is more easily recalled when in the same state.

Retroactive Interference

The phenomenon that occurs when newly learned information interferes with the recall of information learned previously.

Context Reinstatement

A cognitive process that involves reconstructing the circumstances or environment present during learning or an event to aid memory recall.