Register
Which of the following factors will increase GDP and also achieve sustained​ growth? A. An increase in physical capital accumulation. B. Increasing the workforce. C. Raising the educational attainment
4.1k views
2 votes
Which of the following factors will increase GDP and also achieve sustained​ growth?

A. An increase in physical capital accumulation.
B. Increasing the workforce.
C. Raising the educational attainment or skill level of the workers.
D. Advances in the technical knowledge used in production.

User Alexander Bezrodniy
by
5.4k points

1 Answer

4 votes

Answer:

The correct answer is the letter d. Advances in the technical knowledge used in production.

Step-by-step explanation:

Technology is an important variable in economic growth models, having a positive effect on the production process. Technological progress occurs when technology increases over time, and its effect is on worker productivity. That is, technological advancement enables work to become more productive, culminating in sustainable per capita gross domestic product growth.

User Brian Ellis
by
5.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
The current market price for good y is above the equilibrium price, and then the price of a subsitute good, x, increases. the demand curve for good y shifts as a result. what is the likely outcome of the
Link Copied!