Many economists now deemphasize capital accumulation as a source of growth because:
A)capital accumulation no longer affects growth.
B)capital accumulation alone does not necessarily lead to growth.
C)the value of the capital stock no longer depends upon technology and needs of society.
D)capital has been defined so narrowly that it has become a less useful concept.

Question

Quizplus · Accepted Answer

Capital accumulation alone does not necessarily lead to growth because it must be complemented by other factors such as technological innovation and improvements in efficiency to truly drive economic growth.

Many Economists Now Deemphasize Capital Accumulation as a Source of Growth