Answer:
There are several ways in which technological progress can lead to economic growth and a rise in GDP (Gross Domestic Product):
1. Increased productivity: Technological progress can lead to an increase in productivity by automating processes, making them faster, more efficient, and less error-prone. This can result in higher output and lower costs of production.
2. Innovation and new products: Technological progress can lead to the development of new products and services that meet consumers' changing needs and preferences. This can lead to the expansion of existing markets and the creation of new ones, which can drive economic growth.
3. Improved resource utilization: Technological progress can lead to more efficient use of resources, including labor, energy, and materials. This can result in lower costs of production, increased profits, and more investment in the economy.
4. Better products and services: Technological progress can lead to the development of better products and services that provide greater value to consumers. This can create competition in the market and drive innovation, leading to economic growth.
Overall, technological progress can promote the growth of GDP by increasing productivity, innovation, resource utilization, and the quality and value of products and services in the economy.