Real GDP can grow over time because of
A)an increase in the amount of labor used in the production process
B)an increase in the capital stock
C)efficiency improvements
D)all of the above
E)only A and B

Question

Quizplus · Accepted Answer

Real GDP can grow over time due to multiple factors, such as an increase in labor input (A), an increase in capital stock (B), and efficiency improvements (C). Therefore, the best choice is D, which includes all of the above.

Real GDP Can Grow Over Time Because of