The reason(s) why real GDP grows, in the long run, is that Select one or more: O imports increase. O governments collect more taxes. O capital stock grows as a result of consumption. net investment is positive. O low cost of education.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter7: Production And Growth
Section: Chapter Questions
Problem 5CQQ
icon
Related questions
Question

Select multiple options and explanation

The reason(s) why real GDP grows, in the long run, is that
Select one or more:
O imports increase.
O governments collect more taxes.
O capital stock grows as a result of consumption.
2 net investment is positive.
O low cost of education.
Transcribed Image Text:The reason(s) why real GDP grows, in the long run, is that Select one or more: O imports increase. O governments collect more taxes. O capital stock grows as a result of consumption. 2 net investment is positive. O low cost of education.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Asymmetric Information
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax