Which is a factor that drives economic growth? Group of answer choices Increased human capital. Decreased...

Question

Question

Which is a factor that drives economic growth?

Group of answer choices

Increased human capital.

Decreased unemployment.

Improved investment opportunities.

Answer 1

Answer #1

Since economic growth means an increase in the production of output in the economy compare to previous time period.

The economic growth it is possible through more investment in the capital stock and human capital.

So it can be said that an increase human capital is a factors which drives economic growth.

Hence option first is the correct answer.

Answer 2

Similar Homework Help Questions

Use the figures in the table for the calculation. What is the NNP? Government Purchases $158...

Use the figures in the table for the calculation. What is the NNP? Government Purchases $158 billion Depreciation $28 billion Consumption $427 billion Investment $43 billion Exports $87 billion Imports $103 billion Income receipts from rest of the world $7 billion Income payments to rest of the world $5 billion $612 billion $858 billion $586 billion Which is a factor that drives economic growth? Decreased unemployment. Increased human capital. Improved investment opportunities. The Helper Company’s customer service representatives received new...
Which is a demand factor in economic growth? More human and natural resources. Technological progress and...

Which is a demand factor in economic growth? More human and natural resources. Technological progress and innovation. An increase in the economy's stock of capital goods. An increase in total spending in the economy.
Which of these is not a factor in the nursing shortage? Group of answer choices Shortage...

Which of these is not a factor in the nursing shortage? Group of answer choices Shortage of nursing faculty Aging population Improved technology Larger applicant pool

Which of the following would encourage faster economic growth? Group of answer choices high and variable...

Which of the following would encourage faster economic growth? Group of answer choices high and variable inflation low and variable inflation low and stable inflation high and stable inflation
Which of the following is most likely to contribute to economic growth? Group of answer choices...

Which of the following is most likely to contribute to economic growth? Group of answer choices Flexible property rights that allow the government to seize resources easily for public use. Highly variable inflation rates A stable, predictable legal system (i.e., rule of law) Trade barriers that keep foreign goods and services out of the country
Technology, human capital, and physical capital are the three main sources for economic growth in any...

Technology, human capital, and physical capital are the three main sources for economic growth in any economy. In your attempt to earn an education, you are adding to the stock of human capital, not unlike building factories adds to the stock of physical capital. Research the concept of modern economic growth. What are the conditions that have allowed for modern economic growth in the last two centuries? How do technology, human capital, and physical capital affect productivity and economic growth?...

If Singapore's economic growth rate is 4.5%, Singapore's GDP will double in... Group of answer choices...

If Singapore's economic growth rate is 4.5%, Singapore's GDP will double in... Group of answer choices 45 years. 315 years. 15.56 years. 31.5 years.
Which of the following is not a capital asset? Group of answer choices Mutual funds. Your...

Which of the following is not a capital asset? Group of answer choices Mutual funds. Your human capital. Bank account . Your home.
As an economist, Risa would define capital as __________. Group of answer choices a factor of...

As an economist, Risa would define capital as __________. Group of answer choices a factor of production assets from upper income people government assets stocks and bonds

Consider the endogenous growth model, where the future period quantity of human capital is a function...

Consider the endogenous growth model, where the future period quantity of human capital is a function of current human capital, which drives production and thus growth. In the competitive equilibrium, C = Y and human capital accumulation is characterized as follows: | H' = -(1- tu)H, where H' represents the future quantity of human capital, H represents the current quantity of human capital, b captures the efficiency of human capital accumulation and (1 - u) denotes the fraction of time...