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-(Figure: Technological Progress and Productivity Growth) Use Figure: Technological Progress and Productivity Growth. If there is significant technological progress (all other factors remaining unchanged), it is BEST indicated by a move from:

Question

Use the following to answer questions: 
-(Figure: Technological Progress and Productivity Growth) Use Figure: Technological Progress and Productivity Growth. If there is significant technological progress (all other factors remaining unchanged), it is BEST indicated by a move from:

Quizplus · Accepted Answer

A move from point B to point C represents significant technological progress because it results in an increase in productivity growth, while all other factors remain unchanged. The shift from point C to point B may also indicate some technological progress, but it is not as significant as the shift from B to C. A move from point A to point B represents an increase in output without any technological progress, while a move from point B to point A represents a decrease in productivity growth.

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