All Else Equal,which of the Following Would Tend to Cause

question 114

Multiple Choice

All else equal,which of the following would tend to cause real GDP per person to rise?

• A)a change from inward-oriented policies to outward-oriented policies
• B)an increase in investment in human capital
• C)strengthening of property rights.
• D)All of the above are correct.

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Definitions:

Risk-averse Individuals

People who prefer to avoid risk and would rather accept a lower expected return on an investment than subject themselves to higher volatility and potential loss.

Comparable Bad Things

Situations or items that have similarly negative attributes or impacts, allowing for a comparison of their undesirability.

Interest Rate

The percentage of a sum of money charged for its use, typically by a bank or financial institution to borrowers, or paid to savers and investors.

Future Value

The estimated value of a current asset or investment at a specified date in the future, taking into account factors like interest rates and compounding.