It is possible for an economy to become more productive and per-capita output to increase if

Question

Quizplus · Accepted Answer

All of the above choices are correct. When new ideas are generated, inventions are developed and technology improves, an economy becomes more efficient and productive, which leads to an increase in per-capita output. This phenomenon is known as economic growth. Therefore, any measure that encourages innovation and technological advancement can improve economic performance.

It Is Possible for an Economy to Become More Productive