All else equal,which of the following would tend to cause real GDP per person to rise?
A)a change from inward-oriented policies to outward-oriented policies
B)an increase in investment in human capital
C)strengthening of property rights.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All of the above factors have been shown to contribute to economic growth and an increase in real GDP per person. Inward-oriented policies restrict trade and limit the flow of goods and services, while outward-oriented policies encourage trade and foreign investment, leading to increased economic activity. Investment in human capital, such as education and training, improves worker productivity and innovation. Strengthening property rights builds investor confidence and reduces the risk of expropriation, leading to increased investment and economic growth.

All Else Equal,which of the Following Would Tend to Cause