High growth in the rich countries from 1985 to 2010 was most likely due to:
A) high technological progress.
B) high capital accumulation.
C) the destruction of capital during World War II.
D) high population growth.
E) a high saving rate.

Question

Quizplus · Accepted Answer

High technological progress is the most likely explanation for high growth in rich countries from 1985 to 2010. This is because technological advancements have contributed to an increase in productivity and efficiency in production, leading to economic growth. The other choices, such as high capital accumulation, destruction of capital during World War II, high population growth, and a high saving rate, are either less likely or not as significant factors as technological progress.

High Growth in the Rich Countries from 1985 to 2010