Identify the Correct Statement

question 63

Multiple Choice

Identify the correct statement.

• A)According to the Rule of 70, the number of years necessary for a nation to double its output is approximately equal to the nation's growth rate divided by 70.
• B)Economic growth is usually measured by the annual percent change in the nominal output of goods and services per capita.
• C)An increase in labor input necessarily increases output per capita.
• D)Neither the initial development process nor the sustained growth of an economy is dependent on a large natural resource base.
• E)Improvements in and greater stocks of land, labor, capital, and entrepreneurial activity shift the production possibilities curve inward.

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Definitions:

Life-Cycle Changes

Transformations or phases that an individual undergoes throughout their life, often associated with age, social roles, and personal development.

Sources Of Power

The various origins from which power can be derived, including, but not limited to, positional authority, expertise, personal characteristics, and control over resources.

Agree To Disagree

A resolution between conflicting parties to accept that they hold different views without further argument, acknowledging respect for the other's opinions.

Withdrawal

The act of removing oneself emotionally or physically from a situation or relationship.