Question

Over the last fifty years both real GDP and prices have trended upward in most countries. Continuing real GDP growth and inflation can be explained by

Answer 1

The continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.

Every country have improved massively especially in production of goods and services because of technological progress

• Also, an increase in money supply are achieved because of various effective economic policies implemented by the economic team of many countries.

Hence, the Option C is correct because the continued technological progress and continuing increases in the money supply are a major factor for the continuous rise in real GDP growth and inflation.

The missing options includes "a. continuing technological progress alone. b. continuing increases in the money supply alone. c. continued technological progress and continuing increases in the money supply. d. None of the above can explain continuing real GDP growth and inflation."

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