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If An Economy Grows At An Annual Rate Of 5% Of Which 3% Is Deemed To Be Due To Improvement In The Productivity Of Labour And Capital Combined The Remaining 2% Is Generally Attributed To? - Erudites Academy

If an economy grows at an annual rate of 5% of which 3% is deemed to be due to improvement in the productivity of labour and capital combined the remaining 2% is generally attributed to?

A. the size of population
B. technical progress
C. the environment
D. the amount of natural resources

Correct Answer:

Option B – technical progress

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Tags: economics

5 years ago