Without Technological Advancement,how Can a Nation Achieve Economic Growth

question 234

Multiple Choice

Without technological advancement,how can a nation achieve economic growth?

• A)by producing more high-value goods and fewer low-value goods
• B)through an increase in supplies of factors of production
• C)by producing more low-value goods and fewer high-value goods
• D)by decreasing the size of the labor force

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Definitions:

Indirect Method

A method used in cash flow statements to adjust net income for the changes in non-cash accounts to arrive at operating cash flow.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Operating Activities

The day-to-day actions that involve the production, sales, and delivery of a company's product or service, as reflected in its income statement.

Statement Of Cash Flows

A financial document that provides a summary of a company's cash inflows and outflows over a specific period.