Question

The faster the rate of technological progress:

A. the greater the rate of economic growth.
B. the slower the rate of economic growth.
C. the greater the rate of population growth.
D. the slower the rate of growth of the money supply

Answer 1

The faster the rate of technological progress leads to greater economic growth.

Step-by-step explanation:

The faster the rate of technological progress, the greater the rate of economic growth. Technology is typically the most important contributor to economic growth. New ways of doing things brought about by technological advancements lead to increased productivity, which in turn drives economic growth.

For example, the introduction of the internet and digital technologies has revolutionized industries and created entirely new ones. This has led to increased efficiency, innovation, and global connectivity, resulting in higher economic growth rates.

Therefore, option A is the correct answer: the greater the rate of economic growth.