Which of the Following Explains Why Production Rises in Most

question 1

Multiple Choice

Which of the following explains why production rises in most years?

• A)increases in the labor force
• B)increases in the capital stock
• C)advances in technological knowledge
• D)All of the above are correct.

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Definitions:

Prepaid Rent

An advance payment for rent that is recorded as an asset and then expensed over the period the payment covers.

Office Supplies

Items used in offices on a daily basis for functioning and managing tasks, including pens, paper, and office equipment.

Accounts Payable

The amount of money owed by a company to its creditors for goods and services purchased on credit.

General Ledger

A comprehensive set of accounts that provides a complete record of all financial transactions of a business, used to prepare financial statements.