10 Which of the Following Cause S Economic Growth
The quality and quantity of available human resources can directly affect the growth of an economy. Labor productivity capital and government expenditures. Economic Growth Economics Help Economic growth a sustained increase in real GDP per capita over time output per capita also called real GDP per capita output divided by population. . For example if real GDP per capita is 100 million and the population is 2 million real GDP per capita is 50 per person. The process by which rising productivity increases the average standard of living. Exploitation of natural resources D. Productivity also called labor productivity the amount of output produced per. Which of the following does NOT lead to long-run economic growth. A and C only. Start studying Unit 2. Economic growth causes the PPF to remain constant. Increases in Average Wages. Economic growth is the increase in the value of an economys go...