Question

A nation's long-run growth rate is equal to the sum of: Group of answer choices labor force growth and capital growth. growth in private investment and growth in government spending. growth in private investment and growth in the average level ofgrowth.. labor force growth and productivity growth.

Answer 1

Answer:

labor force growth and productivity growth.

Explanation:

A country's long run growth rate is generally calculated by adding the increases in the market value of the goods and services produced within a country during a period of time. It is generally stated as a percentage growth of real GDP.

The real GDP's growth rate is determined by two factors: labor force growth and productivity growth. So it is determined by the growth in productivity, demographic growth and labor force participation.