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Q16. Which of the following factors contribute to economic growth? A decline in the stock of physical capital. A decrease in the quantity of labor
Q16. Which of the following factors contribute to economic growth?
- A decline in the stock of physical capital.
- A decrease in the quantity of labor due to emigration.
- The discovery of a new technology.
Q17. Sarah lives in Montana and works remotely with a company in Portland. She lives in Montana because of the fresh air, clean water and wide open spaces to go hiking on her time after work. Is Sarah's environmental quality reflected in factoring the Gross Domestic Product and why or why not?
- Sarah's clean natural environment is left out of the GDP because it distracts Sarah from being productive with her work.
- Sarah's environmental quality is left out of GDP because GDP focuses on productivity rather than Sarah's well being or standard of living.
- The quality of Sarah's environment is included in GDP because it improves her standard of living.
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