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22 October, 05:21

Is the increase in efficiency gained by producing more output without using more inputs.

Real GDP per capita

Technological progress

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Capital deepening

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Answers (1)
  1. 22 October, 08:36
    0
    Technological progress

    Explanation:

    An improvement in technology shifts the production capability of an economy (also called Production Possibility Curve or PPC). In other words, the economy would be able to produce more output using the same amount of imput factors.
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