which of the following is unlikely to affect the rate of economic growth course hero

How can a nation achieve high economic growth?

A nation can achieve high economic growth if: It devotes more resources to research and development. A country will roughly double its GDP in twenty years if its annual growth rate is: NOT 2.5

What are the factors that affect the rate of growth?

-An increase in the quantity of labor always leads to economic growth. -Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. -A decrease in the productivity of labour leads to economic growth.

What is the most important source of increase in a nation's standard of living?

In the long run, the most important source of increase in a nations standard of living is a: High rate of economic growth Some recent economic research has suggested that African countries economic growth may have been limited by ________. geography and climate

How does education contribute to the growth of the economy?

An increase in the quantity of labor always leads to economic growth. B. Increased education adds to the stock of human capital, not unlike building factories adds to the stock of physical capital. C. A decrease in the productivity of labour leads to economic growth.

How can a country achieve higher economic growth?

A nation can achieve higher economic growth if: it devotes more resources to research and development. To achieve a high standard of living, a nation should: promote economic growth. A country will roughly double its GDP in twenty years if its annual growth rate is: 3.5 percent.

How do economists measure economic growth?

Economists typically measure economic growth by tracking: real GDP per capita. In the long run, the most important source of increase in a nation’s standard of living is a: high rate of economic growth.

What is investment in human capital?

Investment in human capital: -can be acquired through on-the-job training. -is an important source of economic growth. Since the late 1950s, economists have performed "growth accounting" studies in the United States.

Does increased investment guarantee economic growth?

Increased investment alone will guarantee economic growth. This is a false statement, because economic growth hinges on the quality and type of investment as well as the human capital and improvements in technology.