Economic growth is most affected by: a. money supply b. discovering natural resources c. productivity d. growth in  labor force

Which of the following statements best describes the relationship between Economic Growth and Literacy Rates ?   A. Literacy Rates decline as Economic Growth improves because Education is less useful in a developed economy.   B. Increased Literacy initially stimulates Economic Growth by improving Labour Productivity but declines as the Opportunity Cost of Education increases with long-term Economic Growth.   C. Increased Literacy stimulates Economic Growth by increasing Labour Productivity; People consume more Education as the Economy continues to grow.   D. There is no correlation between Economic Growth and Literacy Rates.

The table below describes the real GDP and population of a fictional country in 2017 and 2018. Population 2.0 million Year Real GDP 2017 $14 billion 2018 $15 billion 2.1 million Instructions: Round your answers to the nearest whole number. a. The real GDP per capita in 2017 is: The real GDP per capita in 2018 is: b. The growth rate of real GDP is: c. The growth rate in population is: d. The growth rate in real GDP per capita is:

​Australia's real GDP was $A1,730 in 2017 and ​$A1,782 in 2018.   ​Australia's population was 24.6 million in 2017 and 25.0 million in 2018.   Calculate a. The growth rate of real GDP. b. The growth rate of real GDP per person. c. The approximate number of years it will take for real GDP per person in Australia to double if the current real GDP growth rate and population growth rate are maintained.

Which of the following will contribute to economic growth? a. Technologies that reduces production costs. b. Higher taxes. c. Lower taxes. d. Tightened industrial pollution regulations. e. None of the above.

In 2008, the GDP of France was $7900. Suppose that France has a growth rate of 2%. a. What is France's GDP after 2 years b. What is France's GDP after 6 years

Which of the following is the cost of economic growth?   a. sacrifice of greater safety   b. opportunity costs of workers’ time   c. sacrifice of a cleaner environment   d. all of the above

Explain the important factors that stimulate the growth of economy