Supply factors of economics growth


Please describe in detail the listed questions to give me a full understanding.

Problem 1. Why do economists include only the final goods in measuring GDP for a particular year? Why dont they include the value of stocks and bonds sold? Why dont they include thr vale of used furniture bought and sold?

Problem 2. What are the four supply factors of economics growth? What is the demand factor? hat is the efficiency factor? Please illustrate these factors in the terms of the production possibilities curve.

Solution Preview :

Prepared by a verified Expert
Microeconomics: Supply factors of economics growth
Reference No:- TGS01741457

Now Priced at $25 (50% Discount)

Recommended (95%)

Rated (4.7/5)