Research suggest that the relatively higher rate of growth of output per capita in rich countries between 1985 and 2009 was the result of which of the following?
A) An increase in the saving rate.
B) An increase in the rate of population growth.
C) A decrease in the saving rate.
D) An increase in the rate of technological progress.
E) An increase in capital per effective labour.

Question

Quizplus · Accepted Answer

The period between 1985 and 2009 saw significant advances in technology, especially in the areas of information technology and communication. This led to a significant increase in productivity and efficiency in production processes, resulting in higher output per capita in rich countries.

Research Suggest That the Relatively Higher Rate of Growth of Output