Which of the Following Affect the Growth in Real GDP

question 5

Multiple Choice

Which of the following affect the growth in real GDP per capita?

• A)​the total production of final goods in the economy.
• B)​the population.
• C)​the production of final services in the economy.
• D)​all of the above

---

Definitions:

Technological Capabilities

The skills, knowledge, tools, and processes available to an individual, organization, or society that enable technological developments or innovations.

Comparative Advantage

The capacity of a person, business, or nation to create a product or offer a service at a reduced opportunity cost compared to their rivals, thereby gaining specialized production and advantages in trade.

Production Possibilities

The different quantities of goods that an economy can produce with a certain set of resources and technology.

Natural-Resource Abundant

Refers to countries or regions possessing significant amounts of valuable natural resources, such as minerals, oil, or fertile land, which can contribute to their economic growth and development.