Which is a demand factor in economic growth? More human and natural resources. Technological progress and...
Which is a demand factor in economic growth?
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More human and natural resources. |
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Technological progress and innovation. |
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An increase in the economy's stock of capital goods. |
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An increase in total spending in the economy. |
Homework Answers
Answer: An increase in Total spending in the economy.
When the total spending in the economy is increasing the Aggregate expenditure in the economy is increasing which means GDP. So when GDP increase it means there is boom in the economy which shows that there is more consumption of goods and services in the economy. Hence more consumption means the demand for the goods are increasing which shifts the demand curve to right.
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Which is a demand factor in economic growth?
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