Author Question: Which of the following factors contribute to economic growth? a. the construction of new factories ... (Read 35 times)

scienceeasy · **on:** Jun 30, 2018

Which of the following factors contribute to economic growth?
a. the construction of new factories
b. an increase in the proportion of the population that is college-educated
c. a decrease in the productivity of labor
d. only (a) and (b).

Question 2

Jane wins 100,000 in a lottery and immediately uses her winnings to open up a donuts shop. Her direct cost is 50,000 . and she puts the remaining money in a savings account earning 10 percent annual interest. Alternatively, Jane could have placed all her lottery winnings in the 10 percent savings account. Jane's total cost of opening up a donuts shop is:
a. 60,000.
b. 50,000.
c. 160,000.
d. 45,000.
e. 55,000.