Economic growth would occur for all of the following reasons except
A) increasing resource base
B) increasing money income
C) technological advance
D) increasing productivity of labor

Question

Quizplus · Accepted Answer

Economic growth refers to an increase in the production of goods and services over a period of time. It is primarily driven by factors such as an increasing resource base, technological advances, and increasing productivity of labor, which directly contribute to the economy's capacity to produce. Increasing money income, however, does not directly cause economic growth; it is more of a result of growth rather than a cause, as it reflects higher employment levels, wages, and production rather than contributing to the production capacity of the economy itself.

Economic Growth Would Occur for All of the Following Reasons