Given the amounts of resources available for an economy,GDP

Question

Quizplus · Accepted Answer

GDP can also be increased by improving the techniques of production, such as through innovation and technological advancements, even if there is no increase in the quantity of resources available. Therefore, option B is the correct choice. Option A is incorrect because other factors such as natural resources and technology can also influence GDP. Option C is incorrect because, as mentioned in the explanation for option B, GDP can be increased through improving production techniques. Option D is incorrect because GDP does not necessarily equitably divide among the population. Option E is incorrect because GDP is a measure of a country's economic output and is subject to change over time.

Given the Amounts of Resources Available for an Economy,GDP