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Author Question: Without an increase in the supplies of factors of production, how can a nation achieve economic ... (Read 82 times)

ETearle

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Without an increase in the supplies of factors of production, how can a nation achieve economic growth?
 
  A) by producing more high-value goods and fewer low-value goods
  B) by increasing the prices of factors of production
  C) through technological advancement which enables more output with the same quantity of resources
  D) by lowering the prices of factors of production

Question 2

In periods when prices are falling, on average,
 
  A) real GDP will grow as fast as nominal GDP. B) real GDP will grow slower than nominal GDP.
  C) real GDP will grow faster than nominal GDP. D) one cannot calculate real GDP.


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Jane

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ETearle

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


dawsa925

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Reply 3 on: Yesterday
Wow, this really help

 

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