Which of the following factors are included in the determination of growth rates of output in the intermediate run?
A)Variations in the rates of capital formation.
B)Growth in the labor force that results from growth in the working age population as well as changes in labor force participation rates.
C)Variations in the rate of technological change.
D)All of the above
E)None of the above

Question

Quizplus · Accepted Answer

All of the factors listed - variations in capital formation, growth in the labor force, and variations in technological change - are included in the determination of growth rates of output in the intermediate run. These factors are all important drivers of economic growth and can impact output in the medium-term.

Which of the Following Factors Are Included in the Determination