Question

n some countries it is time consuming and costly to establish ownership of property. Reforms to reduce these costs would like

Answer 1

Answer: will likely Raise real GDP and productivity.

Explanation:When reforms are Implemented to reduce the time and cost of Establishing ownership of properties,it will help to ensure the speedy and reduced cost of owning properties.

REAL GDP is the total value of goods and services rendered within the country,this also includes provision of housing and other forms of properties.

PRODUCTIVITY this is a term used to describe the output level compared with the available resources.

WHEN THE COST AND TIME REQUIRED TO ESTABLISH OWNERSHIP OF PROPERTY IS REDUCED THE REAL GDP AND PRODUCTIVITY WILL INCREASE.