Asked by Cedrick Ceballos on May 28, 2024
Verified
If a country made it easier for people to establish and prove the ownership of their property, real GDP per person would likely rise.
Real GDP
Gross Domestic Product adjusted for inflation, measuring the value of goods and services produced by a country in a specific period, reflecting actual productivity.
Ownership Of Property
The legal right to possess, use, and dispose of assets such as land, buildings, or personal items.
- Become aware of the essential role that property rights and government policies have in economic expansion.
Verified Answer
SJ
suman jakhuMay 31, 2024
Final Answer :
True
Explanation :
Easier property ownership establishment and proof can lead to increased investment, better access to credit, and more efficient land use, all of which contribute to economic growth and thus potentially increase real GDP per person.
Learning Objectives
- Become aware of the essential role that property rights and government policies have in economic expansion.
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