The three main reasons that Canada's real GDP has increased steadily for many years are
A)rising employment,increasing levels of education of the labour force and the increase in the participation rate of women in the labour force.
B)an increasing stock of physical capital,increasing exports and rising employment.
C)the increase in life expectancy,the rise in employment and increasing productivity.
D)rising employment,increasing stock of physical capital and increasing productivity.
E)increasing productivity of labour,increasing productivity of land and increasing productivity of the capital stock.

Question

Quizplus · Accepted Answer

The increase in real GDP is primarily driven by the growth of the factors of production, particularly labour and capital. Rising employment, increasing stock of physical capital and increasing productivity are the three main drivers behind increasing real GDP in Canada. The other options listed may contribute to GDP growth, but are not as significant as these factors.

The Three Main Reasons That Canada's Real GDP Has Increased