Real GDP Grows When I

question 233

Multiple Choice

Real GDP grows when I. the quantities of the factors of production grow
II) persistent advances in technology make factors of production increasingly productive
III) human capital grows

• A) Only I.
• B) Both I and III.
• C) Only II.
• D) I, II, and III.

---

Definitions:

Export Jobs

Positions or employment opportunities created when domestic companies produce goods or services for consumption outside the domestic market, contributing to the national economy.

Legislative Activities

Actions or efforts undertaken to influence the introduction, enactment, or modification of legislation.

Craft Unions

Labor unions representing workers in specific crafts or trades, focusing on skill levels, wages, and working conditions.

Bargaining Unit

The bargaining unit refers to the specifically defined group of employees who are eligible for representation by the union.