Which of the Following Would Contribute to a Sustained High

question 108

Multiple Choice

Which of the following would contribute to a sustained high rate of economic growth in the long run in an economy?

• A)growth in capital per hour worked accompanied by technological change
• B)increases in labor force participation rates as workers who are out of the labor force pursue rising wages
• C)a shift of workers in the economy from the agricultural sector to the nonagricultural sector
• D)an influx of immigrant labor into an economy without any accompanying technological change

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Definitions:

Supplies

Items used in the day-to-day operations of a business, typically consumable in nature, such as office supplies, cleaning materials, and manufacturing components.

Accounts Payable

Accounts payable are liabilities of a business that represent its obligations to pay off a short-term debt to its creditors or suppliers.

Service Revenue

The income earned by a company for the services it has provided to its customers.

Normal Starting Balance

Normal Starting Balance refers to the initial amount of money in an account at the beginning of a financial period.