Which of the following factors contribute to economic growth?

Question

Quizplus · Accepted Answer

Economic growth is typically measured by the increase in a country's real GDP over time. Factors that contribute to this growth include an increase in physical capital (such as factories, machines, and infrastructure), an increase in the availability of natural resources (such as oil or timber), and an increase in the productivity of labor (due to advancements in technology or education, for example). Therefore, all of the choices – A, B, and C – contribute to economic growth.

Which of the Following Factors Contribute to Economic Growth