Economic growth is most affected by:a.money supplyb.discovering natural resourcesc.productivityd.growth in labor force

By comparing one period of time to the next, economic growth refers to an increase in the output of…

Answered: Economic growth is most affected by:…

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter16: Creating An Environment For Growth And Prosperity

Section: Chapter Questions

Problem 1CQ

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Economic growth is most affected by:

a.	money supply
b.	discovering natural resources
c.	productivity
d.	growth in labor force

Definition Definition Increase in the amount of goods and services produced by a country in a given period of time compared to an earlier period. Economic growth is generally coupled with a rise in national income or the purchasing power of individuals. It is often measured in terms of the increase in a country's gross domestic product (GDP), or the overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period.

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