Author Question: Economic growth can be defined as A) the rate of growth in the productivity of labor. B) the ... (Read 83 times)

dmcintosh · **on:** Jun 29, 2018

Economic growth can be defined as

A) the rate of growth in the productivity of labor.
B) the rate of growth in the productivity of capital.
C) the rate of growth of labor plus the rate of depreciation of capital.
D) the rate of growth of labor plus the rate of growth of capital plus the rate of growth in the productivity of labor and capital.

Question 2

Technology is

A) society's pool of knowledge of how to produce goods and services.
B) a resource like land or physical capital.
C) computers and lasers.
D) not obtainable by engaging in activities that increase human capital.