how can a nation increase its GDP?

0 ⤊

how can a nation increase its GDP?

i want the answers

2006-11-07 03:50:47 · 3 answers · asked by sara f 1 in Social Science ➔ Economics

3 answers

A nation can increase it's GDP by increasing the labour force, increasing it's capital stock, or through improvements in total factor productivity productively. Productivity can be improved by better technology, better organization of the labour force and better education.

This is the short list

2006-11-07 05:36:46 · answer #1 · answered by Just Wondering 3 · 0⤊ 0⤋

technology.. equals efficiency.

It's the only way..
Population growth is not the answer.. it actually decreases GDP per person it that is the only factor growing.

2006-11-07 05:34:56 · answer #2 · answered by nothingconstant 7 · 0⤊ 0⤋

By increasing it labor force and/or by improving productivity.

2006-11-07 04:00:09 · answer #3 · answered by NC 7 · 0⤊ 0⤋