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Author Question: Real GDP grows when I. the quantities of the factors of production grow. II. persistent advances ... (Read 120 times)

ashley

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on: Jun 29, 2018
Real GDP grows when
 
  I. the quantities of the factors of production grow.
  II. persistent advances in technology make factors of production increasingly productive.
  III. human capital grows.
  A) only I
  B) both I and III
  C) only II
  D) I, II, and III

Question 2

The nation's structural unemployment will increase when
 
  A) bad economic policies send the economy into a recession.
  B) there is influx into the labor market of new college graduates.
  C) there is an increase in post-Christmas layoffs of workers.
  D) an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.


duke02

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

D


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