An important factor that contributes to labor productivity growth is:
A) growth in the capital stock.
B) technological change.
C) the standard of living.
D) A and B only
E) A, B, and C are correct.

Question

Quizplus · Accepted Answer

Growth in the capital stock and technological change are both important factors that contribute to labor productivity growth. The standard of living may be a result of labor productivity growth, but it is not a direct factor that contributes to it. Therefore, A and B are correct and E is incorrect.

An Important Factor That Contributes to Labor Productivity Growth Is