Canadian Securities Course (CSC) Level 1 Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Prepare for the Canadian Securities Course Level 1 Exam with our comprehensive study tool. Use flashcards and multiple choice questions to hone your skills. Fully understand each topic with hints and explanations. Get ready to excel in your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

What factors can lead to GDP growth?

Improvements in training, education, and skills
Population decline
Technological advances
Reduced government spending

The correct answer is: Technological advances

Technological advances can lead to GDP growth by increasing productivity and efficiency in the economy. By implementing new technologies, businesses can produce goods and services more effectively, which can result in higher output levels and increased economic growth. This is why technological advances are a key factor in driving GDP growth. On the other hand, options A, B, and D are not directly linked to economic growth. Improvements in training, education, and skills could potentially lead to long-term growth but may not have an immediate impact on GDP. Population decline tends to have a negative effect on economic growth as it can lead to a shrinking workforce and reduced consumption. Reduced government spending can also slow down economic growth as it may lead to decreased demand in the economy.