An increase in GDP can result from an increase in
A) the labor supply.
B) physical capital.
C) productivity.
D) all of the above

Question

Quizplus · Accepted Answer

An increase in GDP can result from all of the above factors, including an increase in the labor supply, physical capital, and productivity. A larger pool of workers can increase the overall output of goods and services, while an increase in physical capital (such as machinery, equipment, and infrastructure) can improve productivity and efficiency. Lastly, improvements in productivity (i.e. getting more output from the same amount of inputs) can result in an increase in GDP.

An Increase in GDP Can Result from an Increase in