A supply factor in economic growth would be: a) a fall in the efficient use of resources

Economics Dec 08, 2020

A supply factor in economic growth would be:

a) a fall in the efficient use of resources.

b) a rise in the rate of resource depletion.

c) an increase in the quantity of labor.

d) an increase in consumption spending.

Expert Solution

The correct answer is c) an increase in the quantity of labor.

This is because the quantity of labor is concerned with the amount of workers available for a given type of job. Therefore the quantity of labor is a factor that affects supply in the economy, since workers are needed in order to produce goods.

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