Most economists believe that the single largest cause of rising material living standards over long periods of time is
A)rising real wages.
B)productivity growth.
C)rising employment.
D)growth in the capital stock.
E)real GDP growth.

Question

Quizplus · Accepted Answer

Productivity growth is the most significant factor for long-term increased material living standards. This growth can lead to increased output and income, allowing for more goods and services to be produced and consumed.

Most Economists Believe That the Single Largest Cause of Rising