Which of the following best explains the source of increases in productivity?
A)Increases in capital per hour of work
B)Technological change
C)Increases in the number of hours worked
D)Both technological change and increases in capital per hour of work
E)It is not known what causes productivity to increase.

Question

Quizplus · Accepted Answer

Increases in productivity can be attributed to both technological change and increases in capital per hour of work. With new technology and more efficient use of capital, workers are able to produce more output per unit of time.

Which of the Following Best Explains the Source of Increases