Sustained economic growth is primarily caused by
A) advances in technology.
B) employing more people.
C) building new roads and factories.
D) increases in government spending.
E) discovering more natural resources.

Question

Quizplus · Accepted Answer

Sustained economic growth is primarily caused by advances in technology, as they lead to increased productivity, efficiency, and innovation. Employing more people and building new roads and factories can also contribute to growth, but without technological advancements, the benefits will likely be short-lived. Increases in government spending can stimulate short-term economic growth, but in the long run, they can negatively impact the economy by creating inflation and increasing national debt. Discovering more natural resources can potentially contribute to growth, but it also depends on how efficiently they can be extracted and utilized.

Sustained Economic Growth Is Primarily Caused by