Which of the following is not a supply factor in economic growth?the stock of capitalthe size and quality of the labor forceaggregate expenditures of households, businesses, and governmenttechnological advance
Question
Which of the following is not a supply factor in economic growth?the stock of capitalthe size and quality of the labor forceaggregate expenditures of households, businesses, and governmenttechnological advance
Solution
The option that is not a supply factor in economic growth is "aggregate expenditures of households, businesses, and government". This is actually a demand-side factor, as it pertains to the total spending in the economy. Supply factors in economic growth, on the other hand, include things like the stock of capital, the size and quality of the labor force, and technological advance. These factors affect the productive capacity of the economy.
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