Which of the following is one of the fundamental sources of long-run economic growth?

Question

Quizplus · Accepted Answer

An improvement in production technologies is one of the fundamental sources of long-run economic growth. It allows for increased productivity and efficiency, leading to increased output and overall economic growth. The other options, such as an expansion of foreign GDP or an increase in demand for the country's importable product, may have some short-term benefits but they do not lead to sustained long-term growth. An expansion in the export of primary commodities may lead to growth in the short-term but is ultimately dependent on the global demand for those commodities.

Which of the Following Is One of the Fundamental Sources