Most Economists Believe That the Single Largest Cause of Rising

question 7

Multiple Choice

Most economists believe that the single largest cause of rising material living standards over long periods of time is

• A)productivity growth.
• B)rising employment.
• C)growth in the capital stock.
• D)real GDP growth.
• E)rising real wages.

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Definitions:

Visual Cortex

The visual cortex is a part of the brain located in the occipital lobe that processes visual information received from the eyes.

Damage

Physical harm caused to something in such a way that it is impaired or its value or usefulness is decreased.

Opponent-Process Theory

A theory explaining how the perception of colors is controlled by two opposing systems, leading to color vision and afterimages.

Turned "Off"

Refers to a state where a device or system is not in operation or functioning.