Which one of the following does NOT contribute to economic growth?
A) increases in the price level B) the growth of capital and labor productivity
C) the growth of the labor force D) the growth of the capital stock
A
You might also like to view...
Water bottlers announce that next month the price of bottled water will rise by 25 percent. Which of the following occurs immediately?
A) The demand for bottled water decreases. B) The demand for bottled water increases. C) The quantity of bottled water demanded increases. D) The quantity of bottled water demanded decreases. E) None of the above answers is correct because it is the supply that immediately changes, not the demand.
Which of the following contributed to the crisis of 2008?
a. a doubling of the price of imported oil during 2007-2008 b. a sharp increase in the price of housing during 2008 c. inclement weather in 2008 d. falling resource prices and a reduction in the cost of production