Changes in GDP in the short run are caused primarily by
A)demand factors.
B)supply factors.
C)technology.
D)capital accumulation.
E) all of the above

Question

Quizplus · Accepted Answer

In the short run, changes in GDP are predominantly caused by demand factors such as changes in consumer and investment spending, government spending, and net exports. Supply factors, technology, and capital accumulation tend to have a more significant impact on long-term economic growth. While all of the listed factors can play a role in influencing changes in GDP, demand factors have the most immediate and significant effect in the short run.

Changes in GDP in the Short Run Are Caused Primarily