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One of the main determinants of real GDP per person is the growth of capital per person. Which of the following variables does not determine the growth of capital per person in the long run?
Interest in Land
A legal right or claim to use, control, or dispose of real property.
Real Property
Land and anything permanently attached to the land, such as buildings, houses, stationary mobile homes, fences, and trees.
Statute of Frauds
A judicial principle stipulating that specific contract categories must be written and signed by the accountable party to be legally binding.
Signature Requirement
The necessity for a person's handwritten or digital mark to verify and authenticate a document.
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