Which of the following factors can partly explain the long-term growth in production in the U.S.economy?
A)Trade surpluses and accumulation of precious metals
B)A gradual but consistent increase in the price level
C)Growth in population
D)Improvements in technology
E)Federal government budget deficits

Question

Quizplus · Accepted Answer

Improvements in technology have led to increased productivity and efficiency in production, which has contributed to long-term growth in the U.S. economy. A, B, C, and E are not necessarily factors that have contributed to long-term growth in production.

Which of the Following Factors Can Partly Explain the Long-Term