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4 November, 14:24

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.

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Answers (1)
  1. 4 November, 16:28
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    The correct answer is the letter d. Advances in the technical knowledge used in production.

    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.
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Home » Business » 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.
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