The government of a European country decides to invest more in capital goods by updating technology and machinery used across the country.Which of these is the MOST LIKELY result of this action?
A
The country's literacy rate increases.
B
The country's gross domestic product increases.
C
The country decreases the amount of taxes it collects.
D
The country decreases the amount of goods it exports.
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Answer:
Capital investments are long-term in nature that allow companies to generate revenue for many years by adding or improving production facilities and boosting operational efficiency. Additional or improved capital goodsincreases labor productivity making companies more productive and efficient.
Answered by
1
Answer:The government of a European country decides to invest more in capital goods by updating technology and machinery used across the country.Which of these is the MOST LIKELY result of this action?
A
The country's literacy rate increases.
B
The country's gross domestic product increases.
C
The country decreases the amount of taxes it collects.
D
The country decreases the amount of goods it exports.
Explanation:
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