As capital deepening occurs, there will be

Name: As capital deepening occurs, there will be
Brand: Quizplus
Rating: 4.8 (57 reviews)

Question

Quizplus · Accepted Answer

Capital deepening refers to an increase in the amount of capital per worker. This results in increased productivity and output, which leads to economic growth. The increased productivity also leads to increased real wages since workers can produce more in the same amount of time. Therefore, choice B is the best choice. Choices A, C, and D are not supported by the concept of capital deepening.

As Capital Deepening Occurs, There Will Be