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One way to achieve faster growth in GDP per person is to increase the number of

ID: 1226637 • Letter: O

Question

One way to achieve faster growth in GDP per person is to increase the number of women working in the home rather than in the workforce. growth rate of the quantity of money. growth rate of human capital. growth rate of the population. limits on international trade in order to keep more of total spending on domestically produced goods. Governments should promote education because education contributes to the nation's. employment free markets economic growth potential international trade protection of property rights.

Explanation / Answer

39. One way to achieve faster growth in GDP per person is to increase the growth rate of human capital. This is because when human capital increases then there is an increase in productivity, which will lead to growth in GDP per person.

40. Government should promote education because education contributes to the nation's economic growth potential. As education is promoted, labors are getting educated. Human capital increases, and as a result economic growth increases.