Which of the following contributes to economic growth?
A) increase in labor productivity
B) increase in consumer spending
C) increase in labor regulations restricting the hours of overtime allowed
D) increase in environmental protection policies

Question

Quizplus · Accepted Answer

An increase in labor productivity leads to increased output of goods and services, which in turn leads to economic growth.

Answer: B
 An increase in consumer spending leads to increased demand for goods and services, which in turn leads to economic growth.

Answer: C
 Labor regulations that restrict the hours of overtime allowed could decrease productivity and output, leading to slower economic growth.

Answer: D
 Environmental protection policies may lead to increased costs for businesses, which could slow economic growth. However, it could be argued that protecting the environment can lead to long-term economic benefits. Overall, the impact of environmental protection policies on economic growth is complex and depends on various factors.

Which of the Following Contributes to Economic Growth