Ongoing economic growth in real GDP per person requires all of the following EXCEPT .

Question

Quizplus · Accepted Answer

Population growth may lead to an increase in the total real GDP but it does not necessarily lead to economic growth in real GDP per person. In fact, if the population grows faster than the increase in real GDP, then real GDP per person would actually decrease. Therefore, ongoing economic growth in real GDP per person does not require population growth. Investing in human capital, saving and investment in new capital, and the discovery of new technologies are all essential factors in achieving ongoing economic growth in real GDP per person.

Ongoing Economic Growth in Real GDP Per Person Requires All