Ask Question
22 October, 05:21

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

Real GDP per capita

Technological progress

Saving

Capital deepening

+3
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.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Is the increase in efficiency gained by producing more output without using more inputs. Real GDP per capita Technological progress Saving ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers