Select Any One Of the Following Options: 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
Select Any One Of the Following Options: 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 factor in economics, not a supply factor. Supply factors in economic growth typically include elements that can increase the output or productivity in an economy, such as the stock of capital, the size and quality of the labor force, and technological advances. On the other hand, aggregate expenditures of households, businesses, and government relate to the total spending in the economy, which is a demand factor.
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