Increases in the rate of growth of income per person in the United States in the mid-1990s is mostly likely the result of:
A) increases in human capital.
B) increases in physical capital.
C) advances in information technology.
D) an increase in the saving rate.

Question

Quizplus · Accepted Answer

The mid-1990s saw a significant advancement in information technology, with the growth of the internet and widespread adoption of personal computers. This, in turn, led to increased productivity and efficiency in many industries, contributing to overall economic growth.

Increases in the Rate of Growth of Income Per Person