Real GDP grows when I. the quantities of the factors of ...

[ashley]

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]

Answer to Question 1

D

Answer to Question 2

D