A country can increase the output of its goods and services by:
A) maintaining a high Gini coefficient.
B) quantitative easing.
C) increasing total factor productivity.
D) increasing the reserve requirement.

Question

Quizplus · Accepted Answer

Increasing total factor productivity means that the country can produce more output with the same amount of inputs, such as labor and capital, which directly contributes to the growth in the output of goods and services.

A Country Can Increase the Output of Its Goods and Services