Card 1 of 22
What two routes can raise an economy's output?
A
- Use more factors of production
- Use existing factors more effectively
B
It makes workers easier to move between jobs.
C
Firms may cut investment when they expect weak demand or face high interest rates.
D
It increases the size of the workforce.
Card 1 of 22
3.1.5 Determinants of economic growth Flashcards
22 flashcards on OCR GCSE Economics 3.1.5 Determinants of economic growth: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.