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Which of the following factors contribute to economic growth? 

1. the discovery of new oil reserves 

2. a decrease in the productivity of labor

3. a decrease in the quantity of labor due to emigration

4. a decline in the stock of physical capital 

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Sonal Bahl
Sonal BahlLv10
3 Jan 2021

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Related questions

Which of the following lists gives factors that lead to an increase in labor productivity?

A) Saving and investment in physical capital, and wage increases
B) Expansion of human capital, population growth, and the discovery of new technologies
C) Expansion of human capital, labor force increases, and the discovery of new technologies
D) Saving and investment in physical capital, expansion of human capital, and discovery of new technologies
E) Labour force increases and wage increases

Which of the following factors contribute to economic growth?

A. an increase in the average wage rate paid to workers

B. an increase in the standard of living

C. a decrease in the productivity of labor

D. an increase in the proportion of the population that is college-educated

Which of the following would eliminate scarcity as a economic problem?

  1. Moderation of people’s competitive instincts
  2. Discovery of new, sufficiently large energy reserves
  3. Resumption of steady productivity growth
  4. None of the above is correct

 

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