Which of the following factors contributes to economic growth?

Question

Quizplus · Accepted Answer

The discovery of new oil reserves can lead to increased exports and revenue for a country, which can contribute to economic growth.

Answer: None of the other options
 An increase in the minimum wage may lead to higher unemployment rates and increased costs for businesses, which can slow economic growth. A decrease in the productivity of labor while holding the productivity of capital fixed will lead to lower economic growth. A decrease in the quantity of labor due to emigration will also typically lead to lower economic growth.

Which of the Following Factors Contributes to Economic Growth